1339/1349 Wollombi RoadMillfield NSW 2325
Property Details for 1339/1349 Wollombi Rd, Millfield
Last Listing description (August 2024)
Ray White Commercial (SC), under instructions from administrators, is pleased to present to the market 1339-1349 Wollombi Road, Millfield. The property will be offered for sale via Auction.
Situated on a substantial corner block, this property benefits from an extensive street frontage of 260.90 sqm* along the main arterial Wollombi Road connecting regional suburbs within the Cessnock Local Government Area (LGA).
The property encompasses a combined land area of 3.28 hectares*, featuring a vacant timber mill operation and a tenanted residential home. The timber mill comprises a large format open plan industrial shed, demountable offices and associated timber mill machinery.
Additional highlights of the asset include:
Combined Site Area - 3.28 hectares*
Zoned: RU2 - Rural Landscape
Current design layout for a timber mill operation
Strategically positioned on a large corner block
High exposure along the main arterial Wollombi Road
Ample street frontage of 260.90 sqm* along Wollombi Road
Residential home currently returns $350 per week
13.8km* from Cessnock
62km* from Newcastle
154km* from Sydney CBD
MUST BE SOLD
The property is offered for sale via Auction on Thursday, 27th June 2024 at 10:00am (AEST). The Auction will be held at Ray White Head Office, Level 7, 44 Martin Place, Sydney NSW 2000.
For further information, please contact the exclusive selling agents below.
*Approximately
Property History for 1339/1349 Wollombi Rd, Millfield, NSW 2325
- 27 Jun 2024Listed for Sale Auction
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0About Millfield 2325
The size of Millfield is approximately 32.1 square kilometres. There are 2 parks, covering nearly 0.6% of the total area. The population of Millfield in 2016 was 1006 people. By 2021 the population was 1282 showing a population growth of 27.4% in the area during that time. The predominant age group in Millfield is 30-39 years. Households in Millfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Millfield work in a trades occupation.In 2021, 88.10% of the homes in Millfield were owner-occupied compared with 84.70% in 2016.
Millfield has 712 properties. Over the last 5 years, Houses in Millfield have seen a 40.63% increase in median value. As at 31 August 2026:
- The median value for Houses in Millfield is $811,741 while the median value for Units is $388,353.
- Houses have a median rent of $425.
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