- The property is situated on the northern side of Kenrick Street, on the Ground Floor of The Junction Village Centre, at The Junction. Being just several minutes drive from Newcastle CBD, The Junction has a strong commercial and retail precinct which offers free on-street parking, popular cafes and The Junction Fair Shopping Centre.
- The property comprises a strata title ground floor retail suite with concrete floors and aluminium framed glass shopfronts. The property features carpeted floor coverings, fluorescent lighting and gyprock perimeter walls. Common amenities are shared between the occupants of the complex. The Junction Village offers free on-site parking.
- 135sqm* of ground floor retail space
- Rental - $90,000 per annum net (plus GST)
- Outgoings are payable in addition to the above rental.
*Approximate.
The size of The Junction is approximately 0.3 square kilometres. There is 1 park, covering nearly 4.4% of the total area. The population of The Junction in 2016 was 1052 people. By 2021 the population was 994 showing a population decline of 5.5% in the area during that time. The predominant age group in The Junction is 20-29 years. Households in The Junction are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in The Junction work in a professional occupation.In 2021, 66.20% of the homes in The Junction were owner-occupied compared with 57.90% in 2016.
The Junction has 734 properties. Over the last 5 years, Houses in The Junction have seen a 7.50% increase in median value, while Units have seen a 23.06% increase. As at 31 August 2026:
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