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The Agent Loves
"Nestled in the heart of the levee, this commercial property presents a prime investment opportunity with its long-term leasing potential and robust returns. The building has recently undergone a series of enhancements and upgrades, ensuring a fresh environment that the tenants can truly appreciate".
The Location
Positioned in Maitland's dynamic hub, this fantastic commercial property boasts a strategic location near key infrastructures. Set amongst the vibrant Maitland CBD, it offers not only immediate access to local amenities but also seamless connectivity to major routes, making Newcastle and the Hunter Valley within easy reach. An invaluable asset for discerning investors in a rapidly expanding location.
Maitland 2 mins (0.5 km)
Stockland Green Hills 9 mins (5.6 km)
Newcastle CBD 40 mins (34.4 km)
The Snapshot
Dive into the opportunity of this optimally positioned property in the Levee, set amongst the vibrant Maitland CBD. This premier commercial asset, nestled in Maitland's bustling business core, covers 216.17 sqm. With three thriving businesses as tenants, it promises consistent rental returns and continued growth and opportunity. Whether you're an investor aiming for immediate returns or seeking a presence in Maitland's commercial scene, this space offers a perfect fusion of location, versatility, and opportunity.
The Opportunity
Step into a lucrative investment realm with this prime commercial property located in the heart of Maitland's dynamic hub. A jewel for savvy commercial investors, this offering comes with three operational businesses, making it an optimal choice for those keen on instant rental returns.
The property is a hub of activity, hosting three thriving businesses: Hotondo Homes, That Yoga Place, and Hunter Events Group, each contributing to the dynamic environment. Over the years, the property has seen significant upgrades, including a new colorbond roof in 2015 and fresh paint throughout in 2021, ensuring that the infrastructure is both modern and well-maintained. Spanning a total land area of 216.17 sqm, the building itself is divided into three separate commercial premises, each designed to meet the unique needs of its occupants. This property truly represents a blend of prime location, established tenants, and up-to-date infrastructure, making it a standout choice for discerning investors.
Tenants Detail:
1. Hotondo Homes
Address: 409 High Street, Maitland.
Lease & Rent: The 3-year lease is set to expire on the 1st of December, 2024. Additionally, there is an option for one further term of three years. The rental payment terms are set at $2,500.00 per month, which culminates to an annual rent of $30,000.00, plus GST. The tenant is responsible for covering 45% of the outgoings.
Premise Details: Primarily used as an office space and building selection showroom. Features include a ground-floor showroom, upstairs office spaces, a kitchenette, 2 toilets, storage areas, and ducted air conditioning. Aesthetic timber-look hybrid flooring adds charm.
2. That Yoga Place
Address: 1/409 High Street, Maitland
Lease & Rent: The lease is set to expire on the 30th of November, 2024. The rental payment terms are set at $989.67 per month, which culminates to an annual rent of $11,876.10, plus GST. The tenant is responsible for covering a percentage of the outgoings, which amounts to $2,859.00 per annum plus any subsequent increases.
Premise Details: A yoga/meditation studio catering mainly to children and adults. It boasts 2 toilets, a kitchenette, a large studio space, three smaller rooms/offices, storage, and a split-system air conditioning unit.
3. Hunter Events Group
Address: 411 High Street, Maitland
Lease & Rent: The 3-year lease is set to expire on the 15th of December, 2024. Additionally, there is an option for one further term of three years. The rental payment terms are set at $1,458.08 per month, which culminates to an annual rent of $17,497.00, plus GST. The tenant is responsible for covering 22.76% of the outgoings.
Premise Details: Functional single-level open plan office. New vinyl flooring (2021) uplifts the space. Amenities include a toilet, kitchenette, storage area, and ducted air conditioning. The premise is used exclusively for office and storage purposes.
Positioned at the epicentre of Maitland's vibrant hub, 409-411 High Street offers an exceptional commercial investment opportunity. With three flourishing businesses as tenants, it guarantees a steady rental return and a golden ticket for investors looking to get into the thriving Maitland commercial sector.
SMS 409High to 0428 166 755 for a link to the online property brochure.
