20 Kendall StreetLambton NSW 2299
Property Details for 20 Kendall St, Lambton
Last Listing description (August 2024)
In the heart of Lambton, just one block from the thriving village hub of Elder Street's cafes, shops, and services, this well maintained commercial premises is offered to market with vacant possession.
Recently operating as Allied Health suites, the single level property features a reception and waiting area, six consulting rooms, two toilets (shower to be added for residential use), kitchen facilities, and rear parking for four – five vehicles with ramp access into building. Plus easy access to large public car park in nearby De Vitre St.
This is an enticing offering for an owner-occupier to set up business and engage with Lambton's lively community, or for the astute investor to benefit from the area's accessibility to Newcastle CBD, John Hunter Hospital, and the University of Newcastle.
Looking to the future, the property's potential is amplified by its E1 Local Centre zoning, allowing for a variety of low-impact commercial activities and community-serving facilities like, legal, accounting, consulting, childcare centres, medical centres, entertainment venues, and even shop-top housing (all subject to council approval).
An E1 Local Centre zoned property offers a versatile canvas, whether your ambitions lean towards establishing a thriving business hub, capitalising on commercial opportunities, or delving into innovative mixed-use ventures. Act now to avoid missing out.
- 120 sqm (approx) internal area; reception, amenities, offices - partitioned
- Weatherboard commercial property on 474.3sqm block
- DA approved for Psychology rooms from 2009
- Frontage 15.24 x Side 31.24 m*
- Zone E1 Local Centre
- Off Street Parking for 4/5 Vehicles
- Plenty of local parking, within 200m from council car park in De Vitre Street
- Development Opportunity with 11m height
- Ducted air-conditioned throughout
- Being sold with vacant possession
- Flexible zoning allowing for both residential/commercial use (STCA)
- Close to; John Hunter Hospital – 2.5km, University of Newcastle – 3.5km, Newcastle CBD – 6km, M1 & Hunter Expressway – 11km
* approximates only
(We have obtained all information used in the preparation of this document from third party sources however, we cannot guarantee the accuracy or currency of this information. Prospective purchasers and their advisors are advised to carry out and rely on their own enquiries and investigations in relation to the information in this document and the property it concerns.)
Property History for 20 Kendall St, Lambton, NSW 2299
- 22 Aug 2024Sold
- 09 Apr 2024Listed for Sale Guide $1,100,000-$1,200,000
- 25 Jul 2008Sold for $470,000
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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 2,732 properties. Over the last 5 years, Houses in Lambton have seen a 77.18% increase in median value, while Units have seen a 50.45% increase. As at 31 August 2024:
- The median value for Houses in Lambton is $1,087,875 while the median value for Units is $673,696.
- Houses have a median rent of $630 while Units have a median rent of $445.
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