84 Georgetown RoadGeorgetown NSW 2298
Property Details for 84 Georgetown Rd, Georgetown
84 Georgetown Rd, Georgetown is a 1 bedroom, 0 bathroom House. The property has a land size of 346m2. While the property is not currently for sale or for rent, it was last sold in December 2023.
Last Listing description (November 2023)
Presenting an exceptional investment opportunity, situated on a prominent main arterial road, directly opposite the bustling Waratah Village Shopping Centre. 84 Georgetown Road has a brand-new, 5-year lease with a reputable medical operator, offering investors a lucrative investment opportunity.
The property itself features 132sqm* of recently renovated, medical-grade space, ensuring a modern and attractive environment for both tenants and clients. Additionally, the property offers the advantage of side access, facilitating ample off-street parking.
Its strategic location just 2 minutes* from Waratah Train Station, 10 minutes* from the renowned Westfield Kotara, and a mere 15 minute* drive to the vibrant heart of Newcastle CBD, further solidifies its appeal as a lucrative investment opportunity.
- Returning $50,000 net per annum + GST
- 5 year lease to 2028 plus options to 2037
- Leased to Laverty Pathology
- Tenant pay 100% of outgoings
- Fixed 3% rental increases per annum
- Located 2 minutes* from Waratah Train Station, 10 minutes* from Westfield Kotara, and 15 minute* from Newcastle CBD
*Approximately
Property History for 84 Georgetown Rd, Georgetown, NSW 2298
- 20 Dec 2023Sold for $850,000
- 11 Oct 2023Listed for Sale Price Guide $850,000 - $890,000
- 18 Oct 2019Listed for Rent - Price not available
Recent sales nearby
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About Georgetown 2298
The size of Georgetown is approximately 0.5 square kilometres. It has 1 park covering nearly 1.1% of total area. The population of Georgetown in 2016 was 1960 people. By 2021 the population was 2072 showing a population growth of 5.7% in the area during that time. The predominant age group in Georgetown is 30-39 years. Households in Georgetown are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Georgetown work in a professional occupation.In 2021, 68.20% of the homes in Georgetown were owner-occupied compared with 68.60% in 2016.
Georgetown has 1,032 properties. Over the last 5 years, Houses in Georgetown have seen a 49.40% increase in median value, while Units have seen a 48.09% increase. As at 31 March 2026:
- The median value for Houses in Georgetown is $1,060,019 while the median value for Units is $729,236.
- Houses have a median rent of $750 while Units have a median rent of $560.
Suburb Insights for Georgetown 2298
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