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416 High Street
Maitland NSW 2320
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Sold on 11 Jul 2024

416 High Street Maitland NSW 2320

  • Medical / Consulting
  • 290 m²
  • Sold, $945,000

1 of a Kind Landmark Inner City CBD Investment

    We are ecstatic to bring you The Hills Chambers Building a landmark commercial property, returning strong incomes on both of its tenancies, right here in the beating heart of Maitland's Levee Precinct. This stunning building, circa 1906, is locked & loaded with charm like no other, and after recently being subdivided from a larger holding, is ready to secure her own future for the long term!

    Our current owners have future plans divested elsewhere & while sadly that means the HCB doesn't feature for them, it offers you the next custodian an amazing opportunity to envisage what the future could look like with you, and this very special property.

    Long-term anchor tenants occupy the street level & upper level and with neither of them expressing intentions to "move on" in the future, this is quiet easily, an option that demands your actioning!

    Tenancy 1: The Hills Chambers Building (top level) Currently leased to long-term medical tenants for app $44,633 p.a on a gross lease with total lettable area of approximately 200sqm of amazing floorspace. Spread over 2 magnificent levels the architecturally designed interior retains its stunning period vibe, all the while showcasing a modern inner city warehouse design. Simply put, this building just must be seen to be truly appreciated. Leased to 2024 with options, The Hills Chambers building is a one of a kind!

    Tenancy 2: 4Cyte Pathology (Street level) The secondary tenancy in the equation, reflects a prime main street ground level shopfront opportunity. Leased again, to quality long term tenants for app $35,430 p.a on a gross lease with total lettable area of approximately 90 sqm. With a 4 year option post their initial lease end in 2025, we see this as a set and forget investment for the long haul.

    Should you find your intentions being closer to exploring a the Residential upside, the future prospect to convert this to a one-of-a-kind upscaled NYC Vibe Apartment (subject to Council) and benefit from the dual zoning that exists at the property. While your plans go under review, you've got the added bonus of returning on your initial investment, returning $80,000 gross p.a. Either way you look at it, whichever option you choose, we are certain you'll fall in love with 416 High Street Maitland just like the many before you.

    Note: Indicative photos and furnishing in some instances.
    Please call agent to discuss.
    Residential options subject to Maitland City Council.
    The property is available for immediate sale.

    Please contact Todd Fisher 0438 592 920 or Ben Cotton 0434 638 822 for all enquiries and site inspections.

    All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

    LJ Hooker Maitland
    LJ Hooker Maitland
    24 Ken Tubman Drive
    Maitland, NSW 2320

    Property Highlights

    Date Sold11 Jul 2024
    Sold Price$945,000
    Floor Area290 m²
    Land Area250 m²
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2018617614
    Category
    Last updated  11 Jul 2024
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    LJ Hooker Maitland
    LJ Hooker Maitland
    24 Ken Tubman Drive
    Maitland, NSW 2320

    Property Highlights

    Date Sold11 Jul 2024
    Sold Price$945,000
    Floor Area290 m²
    Land Area250 m²
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2018617614
    Category
    Last updated  11 Jul 2024

    Co-Agents

    Todd Fisher
    LJ Hooker Maitland
    Call
    0438 592 920
    Ben Cotton
    LJ Hooker Maitland
    Call
    0434 638 822

    More about 416 High Street Maitland NSW 2320

    416 High Street Maitland NSW 2320 is categorized as Medical & Consulting Property. It has a floor area of 290 m² and a land area of 250 m². The listing ID for this property is 2018617614.

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