340 Industrial DriveTighes Hill NSW 2297
Property Details for 340 Industrial Dr, Tighes Hill
Last Listing description (November 2021)
Knight Frank are pleased to offer 340 Industrial Drive, Tighes Hill to the open market via expressions of interest. Situated approximately 4km from Newcastle's CBD the site presents itself as an excellent opportunity for investors and medium to long term developers seeking a long term income stream with future upside.
Key attributes include:
- 10 + 5 year lease to Holcim (Australia) Pty Ltd
- Lease expiry 31 May 2028
- IN2 light industrial zoning
- Main road frontage
- Site improvements owned by the lessee
For further information on the opportunity or to obtain a copy of the information memorandum please contact the vendor's exclusive selling agents as listed. Expressions of interest close 12 July 2018 at 4pm.
Property History for 340 Industrial Dr, Tighes Hill, NSW 2297
- 09 Aug 2018Sold for $2,630,000
- 12 Jun 2018Listed for Sale Not Disclosed
- 30 Nov 2014Sold for $1,090,308
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0About Tighes Hill 2297
The size of Tighes Hill is approximately 1.7 square kilometres. It has 4 parks covering nearly 1.9% of total area. The population of Tighes Hill in 2011 was 1,615 people. By 2016 the population was 1,677 showing a population growth of 3.8% in the area during that time. The predominant age group in Tighes Hill is 30-39 years. Households in Tighes Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tighes Hill work in a professional occupation. In 2011, 62.9% of the homes in Tighes Hill were owner-occupied compared with 62.1% in 2016.
Tighes Hill has 941 properties. Over the last 5 years, Houses in Tighes Hill have seen a 66.00% increase in median value, while Units have seen a 33.04% increase. As at 31 October 2024:
- The median value for Houses in Tighes Hill is $999,643 while the median value for Units is $752,746.
- Houses have a median rent of $640 while Units have a median rent of $525.
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