158 Green Street Lockhart NSW 2656

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 café
 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. *