![]() Asset Class: | Office |
![]() Price: | $ 3100000 |
![]() Net Yield: | 7.67 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Off Market |
<p style=""><span style="color:rgb(0, 0, 0);">This exceptional commercial property presents a rare opportunity to acquire a premium commercial office space in the heart of the Central Business District of a regional growth city in NSW, just 140 km from Sydney’s CBD. Positioned prominently on the city’s main street, the property enjoys high street exposure and is conveniently located near the Town Square, Post Office, and Railway Station.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">The city’s stable long-term economic growth, combined with increasing population, is driving demand and capital growth for commercial properties like this.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Maintained to an exceptional standard, the building boasts a land area of 871.9 sqm and a net lettable area of 604 sqm (PCA method), with a wide street frontage of 20.42 meters. The building spans four levels, including Ground, Level 1, Level 2, and a lower-level basement. It features internal lift access and rear access to a secure gated car park with 12 spaces.</span></p><p style=""><span style="color:rgb(0, 0, 0);">The property is fully leased to a long-term blue-chip tenant, the NSW State Government, which has demonstrated a strong commitment by undertaking a significant fit-out. The property owner has also made substantial improvements to the building, further enhancing its value.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">Street parking is available at the front of the property, while a large public car park at the rear offers approximately 200 spaces, ensuring convenience for visitors.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">This investment generates a robust net income of $237,752.08 per annum, with annual rental increases of 3%. Its prime location and strong tenant make it a highly desirable opportunity with consistent cash flow and future growth potential.</span></p>
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<p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Lithgow, is a historic regional city known for its rich industrial heritage, picturesque landscapes, and strategic location at the western edge of the Blue Mountains. The city is approximately 140 kilometers west of Sydney, making it an attractive destination for regional development and investment due to its proximity to major metropolitan areas.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Lithgow has experienced steady growth, driven by its diverse economy and expanding infrastructure. The city's economic base includes industries such as energy, manufacturing, tourism, retail, and agriculture. Historically, Lithgow was a major center for coal mining and steel production, and while these industries have evolved, they continue to contribute to the local economy. The city's role as an energy hub is supported by coal-fired power stations, renewable energy projects, and emerging opportunities in sustainable industries.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Tourism is a key growth driver for Lithgow, with attractions like the Lithgow Small Arms Factory Museum, Hassans Walls Lookout, and proximity to the Blue Mountains drawing visitors year-round. The region's natural beauty, combined with its rich cultural heritage, supports a thriving hospitality and accommodation sector.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Lithgow's population is projected to grow modestly in the coming years, supported by investment in infrastructure and regional development initiatives. The city benefits from a range of transport links, including the Great Western Highway and the Main Western Railway Line, ensuring connectivity to Sydney and other regional centers.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">The city's Gross Regional Product (GRP) is valued at over $1 billion, with significant contributions from mining, energy, and manufacturing sectors.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Lithgow’s strategic location, diverse economy, and lifestyle appeal make it a promising area for sustained economic and population growth, with opportunities across traditional industries and emerging sectors.</span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);">Department of Family And Community Services: </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.facs.nsw.gov.au/housing"><u>https://www.facs.nsw.gov.au/housing</u></a></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">The Department of Family and Community Services (FACS) was a New South Wales state government agency that provided services to vulnerable individuals, families, and communities. FACS was established in 2011, replacing the Department of Human Services, which was active from 2009 to 2011. In July 2019, FACS was abolished and its functions were transferred to the Department of Communities and Justice. </span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">FACS's main focus was child protection and supporting vulnerable families to keep children and young people safe from abuse and neglect. FACS also provided services to people with disabilities, women, older people, and people who are homeless. </span></p><p style=""><span style="color:rgb(0, 0, 0);"> </span></p><p style=""><span style="color:rgb(0, 0, 0);">FACS offered a 24-hour Child Protection Helpline for reporting suspected abuse or neglect of a child. FACS could also arrange out of home care for at-risk children and young people</span></p>
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109 Main Street Lithgow - 604 sqm - $393/sqm Property 1 - CBD location. A 2-storey brick commercial office building. No off-street parking. 213 sqm -$396 sqm Property 2 - Commercial/retail premises. Main road location – 108 sqm - $389 sqm Property 3 - Fronting the main street in CBD, 2 level commercial building, no lift access. Former Lease to Westpac – 428 sqm - $348 sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Premium commercial office space</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strategic Location in the CBD</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">High street exposure</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Area - 871.9 square metres land area</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net lettable Area - 604 square metres</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">20.42-meter street frontage</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Four levels – Ground (311.2 sqm), Level 1 (236.5 sqm), Level 2 (93.3 sqm), and lower-level basement (49.4 sqm)</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Internal lift access</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Secure gated car park with 12 spaces</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Blue-chip tenant</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Income - $237,752.08 per annum</span></p></li><li style="list-style-image:none;color:rgba(51, 51, 51, 1);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual Rental Increases - 3%</span></p></li></ul>