SOLD
Sold on 29 Sep 2023 for $1,700,000

31 Morehead Street
Lambton NSW 2299

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 418m2
Land area: 367m2
Sold By
Colliers Newcastle
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Property Details for 31 Morehead St, Lambton

Building Type
Commercial
Floor Size
418m2
Land Size
367m2
Local Government
Newcastle
Lot/Plan
2/DP334833

Last Listing description (November 2023)

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

Foyer and reception / ticket sales area
Restaurant seating area
Stage
Entertainers private room
Dual bar service points
Commercial kitchen
Male and female amenities

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

Property History for 31 Morehead St, Lambton, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$1,700,000
29 Sep 2023
Listed for Rent
$165/w
27 Nov 2023
  • 29 Sep 2023
    Sold for $1,700,000
  • 12 Aug 2022
    Listed for Rent - Price not available
  • 12 Aug 2022
    Listed for Sale Expressions of Interest
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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 2,734 properties.

    There are currently 8 properties listed for sale, and 3 properties listed for rent in Lambton on OnTheHouse. According to CoreLogic's data, 108 properties were sold in the past 12 months in Lambton.

    Suburb Insights for Lambton 2299

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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.