FOR SALE
$320,000 + SAV

Contact Agent For Address
New Lambton NSW 2305

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Iconic, highly profitable licensed restaurant

Established for over 30 years this very popular eatery is perfectly located in one Newcastle's popular suburbs. Widely renowned for providing a diverse Asian style lunch/dinner menu together with an amazing selection of fine wine.
Some of the key features include:
• Seating for approximate 80 patrons
• Prime location…..high main street exposure
• Fully air conditioned
• Spacious commercial kitchen
• Good storage and toilet amenities
• Long new lease available
• Realistic rent
This is a great opportunity for a new owner to walk into an already established business that is showing great income/profit.
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Property Details for Contact Agent For Address, New Lambton

Building Type
Commercial

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About New Lambton 2305

The size of New Lambton is approximately 5.5 square kilometres. It has 29 parks covering nearly 38.8% of total area. The population of New Lambton in 2011 was 9,758 people. By 2016 the population was 10,052 showing a population growth of 3.0% in the area during that time. The predominant age group in New Lambton is 40-49 years. Households in New Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Lambton work in a professional occupation. In 2011, 68.7% of the homes in New Lambton were owner-occupied compared with 68.1% in 2016.

New Lambton has 5,199 properties. Over the last 5 years, Houses in New Lambton have seen a 63.67% increase in median value, while Units have seen a 44.40% increase. As at 30 November 2024:

  • The median value for Houses in New Lambton is $1,095,585 while the median value for Units is $651,585.
  • Houses have a median rent of $695 while Units have a median rent of $525.
There are currently 23 properties listed for sale, and 3 properties listed for rent in New lambton on OnTheHouse. According to CoreLogic's data, 199 properties were sold in the past 12 months in New lambton.

Suburb Insights for New Lambton 2305

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Contact agent
Brad Wallace
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Raine & Horne Commercial New Castle
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.