1A Elizabeth StreetTighes Hill NSW 2297
Property Details for 1a Elizabeth St, Tighes Hill
Last Listing description (September 2021)
Commanding freehold investment
The property presents a high profile Torrens titled commercial building with 12 on-site car parks. Comprising four levels, including basement and loft levels, the property is fully leased to two tenants, being an amusement centre including caf and retail on the ground floor, and a serviced apartment operator on the first floor.
Located directly opposite the Hunter TAFE Campus, the property is well positioned to benefit from the gentrification taking place throughout the Mayfield/Tighes Hill areas.
Net income $99,162* per annum + GST
12 on-site car spaces
B1 Neighbourhood Centre zoning
742sqm* building area plus basement and loft
Diversified income retail/accommodation
For Sale by Public Auction | Thursday 09 September 2021 at 10.30am
Ground Floor, 18 Honeysuckle Drive, Newcastle
*Approximate.
Property History for 1a Elizabeth St, Tighes Hill, NSW 2297
- 26 Oct 2021Sold - Price Undisclosed
- 06 Aug 2021Listed for Sale Please contact agent
- 19 Feb 2021Listed for Rent $295 pw Furnished
Recent sales nearby
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About Tighes Hill 2297
The size of Tighes Hill is approximately 1.7 square kilometres. There are 4 parks, covering nearly 1.9% of the total area. The population of Tighes Hill in 2016 was 1680 people. By 2021 the population was 1801 showing a population growth of 7.2% in the area during that time. The predominant age group in Tighes Hill is 30-39 years. Households in Tighes Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tighes Hill work in a professional occupation.In 2021, 63.10% of the homes in Tighes Hill were owner-occupied compared with 62.10% in 2016.
Tighes Hill has 975 properties. Over the last 5 years, Houses in Tighes Hill have seen a 20.46% increase in median value, while Units have seen a 26.39% increase. As at 31 August 2026:
- The median value for Houses in Tighes Hill is $1,073,233 while the median value for Units is $891,682.
- Houses have a median rent of $750 while Units have a median rent of $695.
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