FOR SALE
$490,000

129 Main Street
Lithgow NSW 2790

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 120m2
Land area: 221m2
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DUAL INCOME OPPORTUNITY

Tenanted Investment or Vacant Possession, the choice is yours!
Situated along the bustling Lithgow Main Street with prime street frontage, this commercial prospect holds immense potential and presents an exceptional freehold opportunity.
Fitted out and currently serving as a well-known clothing boutique, this remarkable property includes a one bedroom upper-level residence, ample storage space, dual access and parking facilities.
Ideally located in the heart of the CBD, just a short 58m walk from the Cook Street Plaza, 62m to Lithgow Post Office and 130m to Lithgow Railway Station.
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.
Potential rental income:
• Shop $450pw
• Unit $210pw
Council rates: $1,530 qtr. as per July 2023 plus building insurance
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Property Details for 129 Main St, Lithgow

Building Type
Commercial
Floor Size
120m2
Land Size
221m2

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About Lithgow 2790

The size of Lithgow is approximately 6 square kilometres. It has 18 parks covering nearly 23.4% of total area. The population of Lithgow in 2011 was 5,649 people. By 2016 the population was 5,211 showing a population decline of 7.8% in the area during that time. The predominant age group in Lithgow is 60-69 years. Households in Lithgow are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lithgow work in a trades occupation. In 2011, 65% of the homes in Lithgow were owner-occupied compared with 62% in 2016.

Lithgow has 3,252 properties. Over the last 5 years, Houses in Lithgow have seen a 57.77% increase in median value, while Units have seen a 100.29% increase. As at 31 July 2024:

  • The median value for Houses in Lithgow is $495,532 while the median value for Units is $469,969.
  • Houses have a median rent of $400 while Units have a median rent of $380.
There are currently 52 properties listed for sale, and 33 properties listed for rent in Lithgow on OnTheHouse. According to CoreLogic's data, 142 properties were sold in the past 12 months in Lithgow.

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Jaharn Torok
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Allisa Quince
RayWhite Lithgow
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