102/61 Shortland EsplanadeNewcastle NSW 2300
Property Details for 102/61 Shortland Esp, Newcastle
Last Listing description (October 2020)
Located on the doorstep of the iconic Newcastle Beach is this unique investment opportunity. This well positioned suite is situated in the heart of the east end CBD and is currently tenanted until 2023.
- Strata area 114 sqm*
- Leased until 2023 with options to 2028
- Established food and beverage operator
- High exposure to Shortland Esplanade
- Newcastle Beach views
*approximately
Highlights:
* Cafe Investment Property
* Leased until 2023
* Income of $68,573 net per annum
Property History for 102/61 Shortland Esp, Newcastle, NSW 2300
- 15 Oct 2020Sold for $1,225,000
- 18 Sep 2020Listed for Sale Contact Agent
- 20 Dec 2002Sold for $292,000
Recent sales nearby
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About Newcastle 2300
The size of Newcastle is approximately 4.9 square kilometres. There are 25 parks, covering nearly 10.5% of the total area. The population of Newcastle in 2016 was 2753 people. By 2021 the population was 3852 showing a population growth of 39.9% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation.In 2021, 44.20% of the homes in Newcastle were owner-occupied compared with 45.70% in 2016.
Newcastle has 5,237 properties. Over the last 5 years, Houses in Newcastle have seen a 4.22% increase in median value, while Units have seen a 26.62% increase. As at 31 August 2026:
- The median value for Houses in Newcastle is $1,732,119 while the median value for Units is $1,055,338.
- Houses have a median rent of $780 while Units have a median rent of $750.
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