158 Green Street WLockhart NSW 2656
Property Details for 158 Green St W, Lockhart
158 Green St W, Lockhart is a 5 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1920. The property has a land size of 1005m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (June 2022)
Corner Location with exceptional main street visibility, this TIMELESS BUILDING- a former picture theatre - occupies OVER 1,800sqm footprint & some 2,000sqm of floor space.
The vacant entertainment area allows for NEW owner/occupier, business venture, or investor.
The building has three (3) self-contained premises all currently tenanted Rental INCOME: $820 weekly. Showing a net return of 7.51%- 7.81%*
THE THEATRE The unique theatre /entertainment area has been a hub of community activity: art exhibitions, balls, fundraisers, dances, movie nights, yoga retreats, seminars, conferences, and award nights.
Solid Polished wooden floors
Concrete centre slip for trucks
Commercial Height Automated Roller Door
Fire compliant security doors (open from inside not from outside)
Security lighting in event of power failure including upstairs loft area
24ft ceilings, exposed beams
Large servery and kitchen area (no stove).
Village ZONING allows a MULTITUDE of uses including:
Air BnB
Event centre
Theatre caf
Restaurant
Offices and commercial space
Storage and warehouse
Markets
Apartment development architectural plans for 2 extra premises available
THE APARTMENTS
All have separate security entrances, separate meters, and reverse cycle aircon.
Apartment 1 FRONT OF BUILDING -DOWNSTAIRS: THE HUB Large, spacious apartment: single 1 bedroom with ensuite. designer kitchen- magnetic cooktop, dishwasher- open dining area.
Separate lounge with sliding doors. Dual access from entry and theatre. Private fenced courtyard
and garden area. RENT $275 pw
Apartment 2 FRONT OF BUILDING- UPSTAIRS: This loft apartment is open plan kitchen living dining. Two bedrooms - one upstairs with walk-in robe, one downstairs, currently used as a study. Galley kitchen. Tongue and groove ceilings and exposed beams. RENT $250 pw
Apartment 3 REAR OF BUILDING: Known as "The Barn" because of its rustic modern design and 20 ft ceilings. Two spacious bedrooms one with walk-in robe, huge open plan kitchen-living-dining area. Potbelly for chilly winter nights. Polished solid timber floors. Private fenced garden.
Unfurnished. RENT $295 pw
Total return of $820p/w with long term tenants in place
MANAGEMENT: Premises managed locally (by owner and associate) with gardens, lawns and theatre professionally maintained.
RATES: $1365* pa
Insurance $800,000 replacement value
Premiums $1160*pa.
Note Approx. *
Property History for 158 Green St W, Lockhart, NSW 2656
- 06 May 2022Sold for $450,000
- 15 Apr 2019Listed for Rent $230 / week
- 22 Jun 2018Listed for Rent - Price not available
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0About Lockhart 2656
The size of Lockhart is approximately 486.2 square kilometres. It has 3 parks covering nearly 0.4% of total area. The population of Lockhart in 2011 was 1,295 people. By 2016 the population was 1,070 showing a population decline of 17.4% in the area during that time. The predominant age group in Lockhart is 50-59 years. Households in Lockhart are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lockhart work in a managers occupation. In 2011, 77.4% of the homes in Lockhart were owner-occupied compared with 73.8% in 2016.
Lockhart has 904 properties. Over the last 5 years, Houses in Lockhart have seen a 127.25% increase in median value. As at 31 October 2024:
- The median value for Houses in Lockhart is $324,911 while the median value for Units is $372,399.
- Houses have a median rent of $230.
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