30 Verulam RoadLambton NSW 2299
Property Details for 30 Verulam Rd, Lambton
Last Listing description (April 2015)
Leased to Specialised Wholesale & Plastics - 25 yrs in Newcastle.
Tenant has parent co guarantee by multinational engineering giant Inenco Group - 160 locations in Australia and overseas.
Functional showroom, office and warehouse facility with on-site car parking.
Inner city Newcastle location, 5 kms from CBD.
Easily managed single tenant investment.
Tenant pays all outgoings as per lease.
Attractive 3.9% annual rent increases.
Net Income: $199,480 pa + GST (as at June 2015).
Auction 2pm AEDT Tuesday 24 February
50 Margaret Street Sydney
Rhys Parker 0451 101 042
Dean Venturato 0412 840 222
Property History for 30 Verulam Rd, Lambton, NSW 2299
- 10 Apr 2025Sold for $6,100,000
- 24 Feb 2015Sold for $2,203,000
- 23 Jan 2015Listed for Sale $2,203,000
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About Lambton 2299
The size of Lambton is approximately 2.8 square kilometres. It has 15 parks covering nearly 12.6% of total area. The population of Lambton in 2016 was 4909 people. By 2021 the population was 5214 showing a population growth of 6.2% in the area during that time. The predominant age group in Lambton is 50-59 years. Households in Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lambton work in a professional occupation.In 2021, 63.00% of the homes in Lambton were owner-occupied compared with 61.70% in 2016.
Lambton has 2,740 properties. Over the last 5 years, Houses in Lambton have seen a 68.43% increase in median value, while Units have seen a 54.11% increase. As at 30 November 2025:
- The median value for Houses in Lambton is $1,237,521 while the median value for Units is $730,981.
- Houses have a median rent of $670 while Units have a median rent of $540.
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