SOLD
Sold on 07 Feb 2024 for $3,300,000

78 Nelson Street
Wallsend NSW 2287

Bedrooms: -
Bathrooms: -
Car spaces: 8
Land area: 910m2
Sold By
Nick Christensen
Colliers Newcastle
Peter Dodds
Colliers Newcastle
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Property Details for 78 Nelson St, Wallsend

Building Type
Commercial
Land Size
910m2
Local Government
Newcastle
Lot/Plan
151/DP829379

Last Listing description (November 2023)

Situated on three street frontages, on the main road of Wallsend, presents a functional and extensive commercial office building which is being offered with vacant possession. The building is constructed with a large undercover secure garage which has room for 8 car parks accessed via Harris Street to the rear.

The office component is over two levels and consists of multiple offices, open plan space, male, female and accessible bathrooms including a shower. The fitout is modern and benefits from ducted air-conditioning throughout.

For Sale by Public Auction on Wednesday 6 December 2023 at 10:30am (AEDT)

Ground Floor, 18 Honeysuckle Drive, Newcastle

*Approximate

Property History for 78 Nelson St, Wallsend, NSW 2287

A timeline of how this property has performed in the market
Last Sold
$3,300,000
07 Feb 2024
  • 07 Feb 2024
    Sold for $3,300,000
  • 07 Nov 2023
    Listed for Sale Please contact agent
  • 08 Oct 1998
    Sold for $900,000
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About Wallsend 2287

The size of Wallsend is approximately 13.5 square kilometres. It has 41 parks covering nearly 6.7% of total area. The population of Wallsend in 2011 was 12,308 people. By 2016 the population was 12,458 showing a population growth of 1.2% in the area during that time. The predominant age group in Wallsend is 20-29 years. Households in Wallsend are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallsend work in a professional occupation. In 2011, 65.5% of the homes in Wallsend were owner-occupied compared with 61.2% in 2016.

Wallsend has 6,604 properties. Over the last 5 years, Houses in Wallsend have seen a 68.79% increase in median value, while Units have seen a 53.05% increase. As at 31 October 2024:

  • The median value for Houses in Wallsend is $775,654 while the median value for Units is $583,035.
  • Houses have a median rent of $590 while Units have a median rent of $545.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Wallsend on OnTheHouse. According to CoreLogic's data, 286 properties were sold in the past 12 months in Wallsend.

Suburb Insights for Wallsend 2287

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.