23 Belmore RoadLorn NSW 2320
Property Details for 23 Belmore Rd, Lorn
Last Listing description (October 2023)
The property is located in the Hunter Valley riverside village of Lorn. The Belmore Road Grocer is a local independent supermarket with a rich history servicing the local community. Internally, the property provides 480 square metres* of lettable area with a contemporary supermarket fitout.
With a passing net income of $64,272* per annum (plus GST), further appeal to the asset is the 7 year lease with two further 7 year options.
For Sale l For more information, please call Ben King on 0415 465 969.
*Approximate
Property History for 23 Belmore Rd, Lorn, NSW 2320
- 04 Oct 2024Sold for $1,225,000
- 18 Aug 2023Listed for Sale Please contact agent
- 19 Jan 2018Sold for $750,000
Recent sales nearby
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About Lorn 2320
The size of Lorn is approximately 4.6 square kilometres. There are 4 parks, covering nearly 2.9% of the total area. The population of Lorn in 2016 was 1337 people. By 2021 the population was 1465 showing a population growth of 9.6% in the area during that time. The predominant age group in Lorn is 50-59 years. Households in Lorn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorn work in a professional occupation.In 2021, 81.50% of the homes in Lorn were owner-occupied compared with 79.20% in 2016.
Lorn has 696 properties. Over the last 5 years, Houses in Lorn have seen a 35.42% increase in median value, while Units have seen a 63.43% increase. As at 30 June 2026:
- The median value for Houses in Lorn is $1,080,168 while the median value for Units is $593,812.
- Houses have a median rent of $750 while Units have a median rent of $340.
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