For Sale by Expressions of Interest closing Thursday 24 April 2025 at 4pm
1A Ken Tubman Drive, Maitland presents a secure investment opportunity with strong leases in place and long-term income stability, currently generating a combined income of $179,973* net per annum plus GST. The ground floor features a fully fitted restaurant catering to 100 patrons, complete with a commercial kitchen, cool rooms, and a bar, while the first floor offers a modern commercial workspace with lift access, private offices, a large training area, and multiple amenities.
The ground floor is leased to NCR Beaumont Pty Ltd, operating as Blooming Garden Korean BBQ, on a 10-year lease up until September 2034, generating $100,000* net per annum plus GST. The first floor is occupied by KOW Services Pty Ltd on a 3-year lease with a 3-year option starting in April 2024, providing $107,122* gross per annum plus GST.
The strata complex provides 135* dedicated parking spaces, of which 115* spaces are conveniently located nearby and surrounding the property and an additional 20 parking spaces are situated directly behind the building, ensuring easy accessibility for both customers and staff.
- Combined rental income of $179,973* net per annum plus GST
- Secure long-term tenants
- High-traffic location
- Level 1 on a secure 3 year lease with a 3 year option
- Ground floor on a secure lease until 2034
- Well-maintained, multi-use commercial building
- Ample on-site parking
- High-traffic location
*Approximately
