Commercial Property: Several businesses on offer in New Lambton

OPPORTUNITY: Chaddies on Regent has become established as one of New Lambton's most popular eat spots in the past 20 years. It is on the market, along with adjacent The Blind Baker.
OPPORTUNITY: Chaddies on Regent has become established as one of New Lambton's most popular eat spots in the past 20 years. It is on the market, along with adjacent The Blind Baker.

A highly visible position and excellent passing trade will be key selling points to an established New Lambton newsagency, according to Global Realty Partners’ Brad Wallace.

The newsagency is located on Regent Street and joins other prominent New Lambton Village businesses Chaddies on Regent and The Blind Baker, which are also for sale.

Chaddies on Regent has been a popular eating spot in New Lambton for over two decades.

“New Lambton Village is very popular and has a very loyal clientele,” Mr Wallace said. “All three would suit an owner-operator, family-type business.”

The newsagency has been listed with a price of $250,000, Chaddies on Regent is being sold for $165,000 and The Blind Baker for $80,000.

Mr Wallace recently sold popular Darby Street cafe Zinc, which was reopened during the week as Beach Burrito.

Also listed in New Lambton last month was 21 to 39 Alma Road, comprising a house and six retail shops.

The site has been listed for sale through Colliers International’s Peter Dodds. 

The site has a flexible B2 local zoning and is approximately 1105 square metres. It will be taken to auction by Mr Dodds on December 14 and interest is expected over $2 million.

STRONG SIGNS

Colliers International’s Ben Curran described the sale of an industrial investment property on the Central Coast last month as “a record-breaking result”.

Mr Curran and Malcom Tyson sold 12 Gibbens Road, West Gosford on behalf of multi-national company SUEZ to a private investor for $2.16 million. 

“With interest rates low, investors are looking towards industrial property for value and paying good money to achieve it,” Mr Curran said.

He said there were multiple phone bidders and a strong presence in the room at the Sydney CBD Cooley Auction Centre on November 23 before the property sold under the hammer.

The agents said the property presented an excellent industrial investment opportunity, leased to blue-chip multi-national corporation SUEZ on a 15-year lease term, breaking yield records at 5.76 per cent.

“Today we set a new benchmark for industrial investment property in the Central Coast/Newcastle markets,” Mr Tyson said.