7A Belmore RoadLorn NSW 2320
Property Details for 7a Belmore Rd, Lorn
Last Listing description (October 2018)
This great opportunity resides in the heart of Lorn and currently offers two commercial tenancies however it holds the potential for a third tenancy in the future. Being zoned for both residential and commercial your options are endless!
Built in 1924 this building started out as the Bolwarra Shire Council headquarters.
This building throughout the years has been an icon in Lorn and has been the face for many companies. In late 1990s to early 2000 an extension was added on two offices, disability bathroom, laundry and wheel chair access ramp.
With being in the main street of Lorn you are close to many local shops and with a large array of local traffic driving past allowing for optimal exposure.
Only away from the Maitland Town centre and a 3 minute drive to Maitland hospital.
This would be an ideal purchaser for an investment portfolio, owner occupier or a business venture STCA
Contact Mulligan Property Group for an Information memorandum
Property History for 7a Belmore Rd, Lorn, NSW 2320
- 14 Aug 2017Sold for $500,000
- 02 Mar 2017Listed for Sale Expressions of interest closing 26/06/17
- 18 Feb 2005Sold for $140,000
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About Lorn 2320
The size of Lorn is approximately 4.6 square kilometres. It has 4 parks covering nearly 2.9% of total area. The population of Lorn in 2011 was 1,263 people. By 2016 the population was 1,350 showing a population growth of 6.9% in the area during that time. The predominant age group in Lorn is 40-49 years. Households in Lorn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorn work in a professional occupation. In 2011, 79% of the homes in Lorn were owner-occupied compared with 79.2% in 2016.
Lorn has 683 properties. Over the last 5 years, Houses in Lorn have seen a 48.03% increase in median value, while Units have seen a 64.29% increase. As at 31 October 2024:
- The median value for Houses in Lorn is $886,568 while the median value for Units is $497,575.
- Houses have a median rent of $645 while Units have a median rent of $335.
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