92-94 Darby StreetCooks Hill NSW 2300
Property Details for 92-94 Darby St, Cooks Hill
Last Listing description (November 2021)
Knight Frank is pleased to present an exciting prospect for investors boasting a renewed 5-year lease to an established real estate services business on a large, improved land holding in Newcastle's premier retail precinct.
The Property is positioned in the heart of Darby Street, a popular entertainment precinct with cafes, restaurants and retail shops trading day and night, seven days a week, servicing the affluent surrounding beachside suburbs and the City Centre.
The appeal is further broadened by the future development potential and there is the opportunity to improve the land parcel by purchasing the adjoining property known as 25A Queen Street consisting of a 2 bedroom cottage on a 206sqm* site offered for sale, separately by Knight Frank.
Features:
- Renewed 5+5 year lease
- Leased to an established real estate agency (since 1975)
- Net income $162,261 per annum + GST
- Modern building
- 18 car parks
- Net Lettable Area - 396sqm*
- Site area - 986sqm*
- Prime retail location
- Future development upside
92-94 Darby Street, Cooks Hill is offered for sale by Online Auction closing Thursday 11 November at 11am.
*approximately
Property History for 92-94 Darby St, Cooks Hill, NSW 2300
- 09 Nov 2021Sold for $3,300,000
- 08 Oct 2021Listed for Sale Please contact agent
- 29 Mar 2017Listed for Rent - Price not available
Recent sales nearby
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About Cooks Hill 2300
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 2,486 properties. Over the last 5 years, Houses in Cooks Hill have seen a 12.43% increase in median value, while Units have seen a 25.27% increase. As at 31 August 2026:
- The median value for Houses in Cooks Hill is $1,710,534 while the median value for Units is $914,870.
- Houses have a median rent of $785 while Units have a median rent of $670.
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