507 Pacific HighwayBelmont NSW 2280
Property Details for 507 Pacific Hwy, Belmont
Last Listing description (May 2017)
507-511 Pacific Highway, Belmont presents a compelling development opportunity, underpinned by excellent holding
income, with staggered expiries in 2017 and 2018. The site benefits from its significant 48m* frontage to the Pacific Highway, combined with a regular shaped and level allotment. The favourable B4 Mixed Use zoning allows multiple development uses (STCA), with Australias largest retail and commercial businesses including McDonalds, Coles Express,
Liquorland, KFC and Aldi, all located within 150m*.
- Favourable B4 Mixed Use zoning
- 48m (approx.) Pacific Highway frontage
- Total site area - 1,674sqm (approx.)
- Total building area - 284sqm (approx.)
- $44,114 net income per annum (approx.)
- Leases expire in 2017 and 2018
- Advantageous rear lane access
For Sale by Public Auction Thursday 4 May at 10.30am | Novotel, 5 King Street, Newcastle
(NA2017)
Property History for 507 Pacific Hwy, Belmont, NSW 2280
- 31 Oct 2024Sold for $9,400,000
- 31 Mar 2017Listed for Sale Please contact agent
Recent sales nearby
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About Belmont 2280
The size of Belmont is approximately 10.4 square kilometres. There are 11 parks, covering nearly 3.8% of the total area. The population of Belmont in 2016 was 7114 people. By 2021 the population was 7289 showing a population growth of 2.5% in the area during that time. The predominant age group in Belmont is 60-69 years. Households in Belmont are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belmont work in a professional occupation.In 2021, 66.10% of the homes in Belmont were owner-occupied compared with 66.10% in 2016.
Belmont has 4,178 properties. Over the last 5 years, Houses in Belmont have seen a 44.45% increase in median value, while Units have seen a 31.53% increase. As at 31 July 2026:
- The median value for Houses in Belmont is $1,038,986 while the median value for Units is $770,731.
- Houses have a median rent of $705 while Units have a median rent of $500.
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