Lambton, New South Wales
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
FREEHOLD $3,250,000
Business Description
- Solid two-level freehold opportunity in Newcastle region.
- The property presents a great opportunity with future upside and development potential.
- Prominent corner location in the popular suburb of Lambton.
- Ground floor bar and bistro with14 Executive rooms on first floor.
- Opportunity to redevelop for more accommodation to meet demand.
- Located 2kms to Newcastle University and 2kms to John Hunter Hospital.
- 33 minute walk, 19 minute bus or 16 minute cycle to the University.
- Close to numerous sporting facilities including Lambton Park, Lambton Pool, Macdonald Jones Stadium, Newcastle Harness Racing Club, Shortland Golf Club and the proposed new basketball stadium.
- Outside of the portable maximum flood levels that affect many areas of Newcastle.
- Land area 1,024 m2
- Building area 810 m2
Contact Robert Urquhart from Tourism Brokers for further information or to arrange an inspection.
Property ID: 125HF (quote when enquiring)
Property Code: 5004
Business Summary
Key Investment Insights
1. Prime location: The property is situated in a prominent corner location in the popular suburb of Lambton, making it easily accessible and visible to potential customers.
2. Development potential: With a land area of 1,024m2 and a building area of 810m2, the property presents a great opportunity for future development and expansion to meet the growing demand for accommodation in the area.
3. Close proximity to key amenities: The property is located just 2kms away from Newcastle University and John Hunter Hospital, making it an ideal location for students, staff, and visitors. It is also close to various sporting facilities, further increasing its appeal to potential buyers.
4. Diverse income streams: The property currently operates as a bar, bistro, and 14 executive rooms on the first floor, providing multiple income streams for the owner.
5. Potential for further redevelopment: The property is located outside of the portable maximum flood levels that affect many areas of Newcastle, giving the new owner the opportunity to redevelop and maximize the potential of the property.
6. Strong demand for accommodation: With its close proximity to key amenities and growing population, there is a strong demand for accommodation in the area, making this property an attractive investment opportunity.
7. Established business: The property is currently operating as a successful business, providing a steady income for the new owner.
8. Two-level freehold: The property is a solid two-level freehold, providing a secure investment opportunity for the new owner.
9. Potential for expansion: With the availability of land and building space, there is potential for the new owner to expand the business and increase its profitability.
10. Experienced broker: The sale of the property is being handled by an experienced broker, providing buyers with professional guidance and assistance throughout the process.
