One of Lithgow's biggest Main Street buildings, The Old Exchange, has been put on the market.
Towering over Main Street, the significant multi tenanted commercial investment sits at the heart of Lithgow's CBD.
The building looking north, has a 26 metres frontage, rear access and a third frontage to the councils pedestrian access from the largest council carpark servicing the district.
The building comprises one service retail shop, restaurant, large format retail shop and serviced accommodation for up to 18.
The property is located metres from the central plaza and Lithgow's transport node in the heart of the CBD.
Cabmon Property director Peter Seeto said that Lithgow was fast becoming the new barometer in commercial property investment with investors from Sydney and abroad looking for value.
"83 Main Street, Lithgow fits the desired investment plans of many due to the multi-tenant profile, solid income stream and the opportunity to later expand with such a large foot print of land in the centre of town," he said.
"Investor interest in Lithgow's Main street is strong as it is for most of the Lithgow region, significant population growth as a result of the "Sydney Swell" and opportunities to work remotely are the key drivers.
"However, when investor arrive for inspections they are blown away with the value proposition and opportunities the Lithgow Shire offer. 'Bang for Buck', investors from Western Sydney can't believe just how much building or land you get in comparison to say a 'one bedroom studio apartment' in the Sydney Metropolitan areas."
This is one of the largest commercial properties in Lithgow, the property is surrounded by other national retailers, government agencies and part of the employment nucleus.
With this sale, Mr Seeto hopes that this building will provide a range of retail, business, entertainment and community uses that serve the needs of people who live in, work in and visit the local area.
According to him the objective of the sale is to encourage employment opportunities in accessible locations, to maximise public transport patronage and encourage walking and cycling, to maintain the built integrity of the area by enabling development that is sympathetic to the heritage character and significance of the area and surrounding streetscapes and features and to maintain or improve the water quality of receiving water catchments.
Permitted with consent:
Boarding houses; Centre-based child care facilities; Commercial premises; Community facilities; Educational establishments; Entertainment facilities; Function centres; Information and education facilities; Medical centres; Oyster aquaculture; Passenger transport facilities; Recreation facilities (indoor); Registered clubs; Residential flat buildings; Respite day care centres; Restricted premises; Service stations; Shop top housing; Tank-based aquaculture; Tourist and visitor accommodation; Water recycling facilities; Water reticulation systems.
Agriculture; Air transport facilities; Airstrips; Animal boarding or training establishments; Biosolids treatment facilities; Boat building and repair facilities; Boat launching ramps; Boat sheds; Camping grounds; Caravan parks; Cemeteries; Charter and tourism boating facilities; Correctional centres; Crematoria; Depots; Eco-tourist facilities; Electricity generating works; Environmental facilities; Exhibition homes; Exhibition villages; Extractive industries; Farm buildings; Forestry; Freight transport facilities; Heavy industrial storage establishments; Helipads; Highway service centres; Industrial retail outlets; Industrial training facilities; Industries; Jetties; Marinas; Mooring pens; Moorings; Mortuaries; Open cut mining; Places of public worship; Pond-based aquaculture Recreation areas; Recreation facilities (major); Recreation facilities (outdoor); Research stations; Residential accommodation; Resource recovery facilities; Rural industries; Sewage treatment plants; Storage premises; Transport depots; Truck depots; Vehicle body repair workshops; Vehicle repair stations; Veterinary hospitals; Warehouse or distribution centres; Waste disposal facilities; Water recreation structures; Water storage facilities; Water treatment facilities; Wharf or boating facilities; Wholesale supplies.