CBRE is pleased to offer 60 Selwyn Street, Tighes Hill Newcastle, for sale via an expressions of interest campaign closing Thursday 26th September 2024 at 4.00pm AEST.The asset represents a rare opportunity to acquire a significant 1.4 hectare landholding which is strategically positioned with rail access.Key highlights:+ Substantial landholding of 13,895sqm* zoned SP1 Special Activities + Located in Newcastle, NSW second largest city which continues to grow+ Rail access to the site+ Located in a core heavy industry precinct adjacent to a major coal services rail terminal+ Immediate access to the M1, Industrial Drive and Pacific Highway, connecting the eastern seaboard + Leased to a company specialising in bulk and coal haulage + Generating a net passing income of $750,000 per annum + WALE of 9.7 years (as at 1 August 2024)*approx.
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 950 properties. Over the last 5 years, Houses in Tighes Hill have seen a 67.23% increase in median value, while Units have seen a 39.02% increase. As at 30 September 2024:
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