Located on Darby Street in the thriving inner-city suburb of Cooks Hill, the property is set amongst well-established entertainment and retail businesses which experience a high level of pedestrian and vehicular traffic, seven days a week.
The precincts unique ambience offers a diverse, friendly and very relaxed cosmopolitan destination.
The property comprises a very well-maintained mixed use development including 1 retail tenancy, 2 commercial tenancies along with a free standing residential townhouse.
Key features of this unique offering include:
- Total net income $95,613 per annum
- Diverse income with 100% occupancy
- Flexibility via registered Strata title subdivision
- Total strata area 429sqm*
- Site area 529sqm*
- Eight car spaces
- Newcastle's most popular retail, entertainment and dining strip
- B4 Mixed Use zoning
*Approximately
The size of Cooks Hill is approximately 0.7 square kilometres. There are 6 parks, covering nearly 6.3% of the total area. The population of Cooks Hill in 2016 was 3621 people. By 2021 the population was 3774 showing a population growth of 4.2% in the area during that time. The predominant age group in Cooks Hill is 20-29 years. Households in Cooks Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cooks Hill work in a professional occupation.In 2021, 42.20% of the homes in Cooks Hill were owner-occupied compared with 41.30% in 2016.
Cooks Hill has 2,484 properties. Over the last 5 years, Houses in Cooks Hill have seen a 13.69% increase in median value, while Units have seen a 28.99% increase. As at 31 July 2026:
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