FOR SALE
$50,000 + SAV

98 Elder Street
Lambton NSW 2299

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Bathrooms: -
Car spaces: -
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Long Established Mini Mart Retail Shop In Prime Location

"New to the market is this long established icon (over 80 years) mini mart shop that specializes in fresh fruit and vegetables and is located in a hugely popular suburb of Newcastle.
The store is truly unique selling quality fruit and vegetables and small goods. The stores emphasis is on quality, and where possible, locally sourced/produced goods: fruit and vegetables, eggs, bread, and dairy products. Also boasts a small sandwich/wrap bar that are made to order from the fresh ingredients in store.
The business is ideally situated on the high street shopping strip of this highly density residential area, close to an array of other successful retail shops, cafes and local pubs, clubs, allowing it to capitalize on every season.
The business includes the following:
- large cool room
- great variety of products on sale
- current equipment (multiple fridges/freezers, juicers, sandwich pressers etc.) & total asset value approximately $35,000
- high degree of foot traffic passing every day
- already established & systemised business for ease of operation
- rear lane access for deliveries and car parking available
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Property Details for 98 Elder St, Lambton

Building Type
Commercial

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About Lambton 2299

The size of Lambton is approximately 2.8 square kilometres. It has 15 parks covering nearly 12.6% of total area. The population of Lambton in 2011 was 5,001 people. By 2016 the population was 4,915 showing a population decline of 1.7% in the area during that time. The predominant age group in Lambton is 40-49 years. Households in Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lambton work in a professional occupation. In 2011, 60.4% of the homes in Lambton were owner-occupied compared with 61.7% in 2016.

Lambton has 2,731 properties. Over the last 5 years, Houses in Lambton have seen a 65.64% increase in median value, while Units have seen a 49.62% increase. As at 30 November 2024:

  • The median value for Houses in Lambton is $1,076,654 while the median value for Units is $684,487.
  • Houses have a median rent of $640 while Units have a median rent of $450.
There are currently 8 properties listed for sale, and 2 properties listed for rent in Lambton on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Lambton.

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Brad Wallace
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Raine & Horne Commercial New Castle
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