Auction Location: Mezzanine Level, 50 Margaret Street, Sydney Passive investment with 4 strong tenancies on renewed, secure leases Long term anchor tenant Net rent $198,535.40 per annum plus cpi increases Large land area of 1782m2 square with two street frontages Low maintenance rendered brick building with floor space of approximately 550m2 Adjacent to McDonalds restaurant in main entry to Hunter valley vineyards LOCATION LOCATION LOCATION! Suit small SMSF or passive investor Substantial depreciation allowance with schedule available upon request Expected price guide 8 percent yield Weighted Average Lease Expiry Excluding options as at 18 May, 2026 - 2.57 years Including options as at 18 May, 2026 - 5.57 yearsAuction date - 28th July 2026 Contact Shelly Jurd on 0407 907 355 Agent declares interest
The size of Cessnock is approximately 35.6 square kilometres. There are 19 parks, covering nearly 10.7% of the total area. The population of Cessnock in 2016 was 15177 people. By 2021 the population was 16300 showing a population growth of 7.4% in the area during that time. The predominant age group in Cessnock is 30-39 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation.In 2021, 58.70% of the homes in Cessnock were owner-occupied compared with 57.30% in 2016.
Cessnock has 8,232 properties. Over the last 5 years, Houses in Cessnock have seen a 72.39% increase in median value, while Units have seen a 58.17% increase. As at 31 May 2026:
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