31 Morehead Street, famously known by Novocastrians as 'Lizotte's', presents a once-in-a-lifetime opportunity to secure a freehold asset or occupy the leasehold of an iconic Newcastle landmark in the thriving suburban retail hub of Lambton.
The property comprises a two-storey purpose-built art deco theatre building constructed in c. 1910. With a building area of 488m*, the venues fitout comprises of the below;
Ground Floor
Mezzanine
Dress circle seating
Private dining room
Office and storage area
Male and female amenities
The iconic venue is located on the corner of Morehead Street and Kendall Street within the centre of Lambton and only a stone's throw from the Newcastle CBD.
The location benefits from close proximity to some of Newcastle's arterial roads, making it ideal for customers travelling to experience all that Lizotte's has to offer.
For Sale or Lease via Expressions of Interest l Please contact our agents for further information.
*Approximate
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 2,734 properties.
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