Under Offer 27/11/2023
RARE OPPORTUNITY - LARGE FREESTANDING BUILDING
120 Main Street, Lithgow NSW 2790
UNDER CONTRACT
RetailSize: n/a
Block size: 347 m² approx.Retail size: 640 m² approx.
Ray White Lithgow and Summit Property Agents are pleased to market this landmark property situated in the heart of the Central Business District (CBD) of Lithgow.
The property is ideally positioned on Main Street, opposite Lithgow Post Office, Cook Street Plaza, and adjacent to Lithgow Railway Station.
Lithgow to Sydney CBD is 140 km or 2 hours by road*
The E1 Local Centre zoning offers a wide range of uses and the flexibility to explore strong repositioning and upside potential.
Permitted uses include and are not limited to: Centre-based childcare facilities, Commercial premises, Community facilities, Entertainment facilities, Function centres, Hotel or motel accommodation, Information and education facilities, Medical centres, etc. (STCA)
The high standard building is set over two levels with internal lift access, multiple entry and exit points, which provides a flexible floor plan.
There are numerous options to explore with the potential for a sale and partial leaseback. Alternatively, the floor plan is ideal for either a large single business or split-into multiple tenancies.
This wide and highly prominent position is both unique - a key attribute to the properties long-term appeal and value.
Additional highlights of the asset include:
• Net Lettable Area - 543m2*
• Land area - 347.8m2*
• 25.61m Street frontage in the centre of the CBD
• Substantial high-quality fitout
• Dual Access from Main Street
• Prime street frontage with large windows
• Excellent natural light
• 25m* from the main entrance of Lithgow Train Station
• Prime location in the Lithgow town centre
Lithgow is a key regional centre to the NSW Greater West and is supported by strong economic activity and has further potential for growth. Gross Regional Product was $1.64 billion in the year ending June 2021, growing 8.5% since the previous year.
Lithgow is home to large local, national, and international businesses and Government agencies, including Power generation, Mining, Manufacturing, Health Services, Education, Confectionery, Entertainment, and Retail.
----
The property is brought to the market under Private Treaty / Expressions of Interest, pending a forthcoming Public Auction if not sold prior to.
Investors seeking to secure a valuable asset with excellent opportunity for income and growth should take this opportunity to engage - expressions of interest are encouraged.
For further information, please contact the exclusive selling agents below:
Jaharn Torok
Ray White Lithgow
0416 227 339
jaharn.torok@raywhite.com
Robert Maher
Summit Property Agents
0432 878 398
robert@summitpropertyagents.com.au
STCA - Subject to Council Approval
*All amounts, sums, measurements, times, distances, etc. are approximate
The property is ideally positioned on Main Street, opposite Lithgow Post Office, Cook Street Plaza, and adjacent to Lithgow Railway Station.
Lithgow to Sydney CBD is 140 km or 2 hours by road*
The E1 Local Centre zoning offers a wide range of uses and the flexibility to explore strong repositioning and upside potential.
Permitted uses include and are not limited to: Centre-based childcare facilities, Commercial premises, Community facilities, Entertainment facilities, Function centres, Hotel or motel accommodation, Information and education facilities, Medical centres, etc. (STCA)
The high standard building is set over two levels with internal lift access, multiple entry and exit points, which provides a flexible floor plan.
There are numerous options to explore with the potential for a sale and partial leaseback. Alternatively, the floor plan is ideal for either a large single business or split-into multiple tenancies.
This wide and highly prominent position is both unique - a key attribute to the properties long-term appeal and value.
Additional highlights of the asset include:
• Net Lettable Area - 543m2*
• Land area - 347.8m2*
• 25.61m Street frontage in the centre of the CBD
• Substantial high-quality fitout
• Dual Access from Main Street
• Prime street frontage with large windows
• Excellent natural light
• 25m* from the main entrance of Lithgow Train Station
• Prime location in the Lithgow town centre
Lithgow is a key regional centre to the NSW Greater West and is supported by strong economic activity and has further potential for growth. Gross Regional Product was $1.64 billion in the year ending June 2021, growing 8.5% since the previous year.
Lithgow is home to large local, national, and international businesses and Government agencies, including Power generation, Mining, Manufacturing, Health Services, Education, Confectionery, Entertainment, and Retail.
----
The property is brought to the market under Private Treaty / Expressions of Interest, pending a forthcoming Public Auction if not sold prior to.
Investors seeking to secure a valuable asset with excellent opportunity for income and growth should take this opportunity to engage - expressions of interest are encouraged.
For further information, please contact the exclusive selling agents below:
Jaharn Torok
Ray White Lithgow
0416 227 339
jaharn.torok@raywhite.com
Robert Maher
Summit Property Agents
0432 878 398
robert@summitpropertyagents.com.au
STCA - Subject to Council Approval
*All amounts, sums, measurements, times, distances, etc. are approximate
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jaharn Torok to learn more about this property, request an inspection or take an online tour.
Property walkthrough
Key details
Property type:
Retail
Block Size:
347 m²*
Other Details
Lot:
B
Plan Type:
DP
Plan:
405446
Retail Size:
640 m²*
Legal description:
B/405446
*These are approximate values based on available information.
Maps and area information
Block information
Block size: 347m² (approx)
Legal description: B/405446
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
15 Apr 2004
Sold
$660,000
Contract: 04/03/2004
Transfer: 15/04/2004
Block size: 348m²
Transfer type: Full transfer
Purpose: Commercial
04 May 1990
Sold
$530,000
Contract: 04/05/1990
Transfer: 04/05/1990
Transfer type: Full transfer
Lithgow suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
50 years
Population
4,956
Listing ID: 181885114. This listing has been viewed 17 times. It was first displayed on 29/08/2023 and last updated on 06/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.