12 Searle StreetKotara NSW 2289
Property Details for 12 Searle St, Kotara
Last Listing description (November 2023)
8-12 Searle Street is situated on the corner of Park Avenue, Searle Street and McDougall Street in Kotara, the heart of Newcastle's retail hub.
- The property is a freehold site split over two titles and extending over a combined 6,050 square metre* site area. Existing improvements on the site consist of administration and office areas, dry storage, cool room and freezer storage, loading bays, secure hardstand and ample on-site parking.
- This high profile development opportunity is being offered with a leaseback providing the purchaser with income whilst they undertake planning investigations.
- Benefitting from a high volume of passing traffic, the property is underpinned by strong property fundamentals as well as significant surrounding amenity including Westfield Kotara and Kotara Homemaker Centre.
For Sale by Expressions of Interest l For more information, please contact agents.
*Approximate.
Property History for 12 Searle St, Kotara, NSW 2289
- 03 Jun 2022Listed for Sale Please contact agent
- 17 Feb 1993Sold for $532,908
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About Kotara 2289
The size of Kotara is approximately 2.6 square kilometres. There are 18 parks, covering nearly 20.1% of the total area. The population of Kotara in 2016 was 3929 people. By 2021 the population was 3980 showing a population growth of 1.3% in the area during that time. The predominant age group in Kotara is 40-49 years. Households in Kotara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kotara work in a professional occupation.In 2021, 77.60% of the homes in Kotara were owner-occupied compared with 80.90% in 2016.
Kotara has 1,905 properties. Over the last 5 years, Houses in Kotara have seen a 41.18% increase in median value, while Units have seen a 33.97% increase. As at 31 July 2026:
- The median value for Houses in Kotara is $1,118,712 while the median value for Units is $885,210.
- Houses have a median rent of $780 while Units have a median rent of $800.
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