223 Vincent StreetCessnock NSW 2325
Property Details for 223 Vincent St, Cessnock
223 Vincent St, Cessnock is a 0 bedroom, 0 bathroom House with 25 parking spaces. The property has a land size of 2455m2 and floor size of 2450m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (September 2021)
Cushman & Wakefield is pleased to present to the market 223 Vincent Street, Cessnock (Hunter Valley) for Sale via Auction.
The property has the following key characteristics:
- 10 year lease to 2027 + options to 2042
- Core CBD activity centre location among high profile tenants incl. Bunnings, Coles, Woolworths, Aldi & Big W
- Conveniently positioned near five schools, Cessnock TAFE & Performing Arts Centre
- Modern 104 place facility boasting high occupancy
- Newly built in 2017 providing significant depreciation
- Net lease - Tenant pays all outgoings including Management Fees
- Secure lease structure including ratchet provision - ensuring rent cannot decrease
- Cessnock - Renowned Hunter Valley region, famous for its wineries & strong mining & agricultural industries with a population of 61,256+ people
- Fixed 4% annual rent increases
- Net Income $307,672 pa + GST
The investment is for sale by way of Cushman & Wakefield National Portfolio Auction on Monday 27 September at 1pm.
All interested parties will have access to our Live Stream & Online Bidding Platform strictly via prior arrangement.
Brisbane Live Stream & Bidding Facilities will be available at the below venue;
Brisbane - Dexus Place - Waterfront Place, Level 31, 1 Eagle Street
Should you hold interest in bidding on the asset from the above location or via the Online Bidding Platform, please contact the exclusively appointed Cushman & Wakefield property professionals.
Property History for 223 Vincent St, Cessnock, NSW 2325
- 23 Sep 2021Sold for $6,005,000
- 30 Aug 2021Listed for Sale Contact Agent
- 12 Jul 2018Sold for $4,300,000
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0About Cessnock 2325
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 8,212 properties. Over the last 5 years, Houses in Cessnock have seen a 77.30% increase in median value, while Units have seen a 59.77% increase. As at 30 April 2026:
- The median value for Houses in Cessnock is $701,227 while the median value for Units is $506,479.
- Houses have a median rent of $560 while Units have a median rent of $470.
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