93 Maitland StreetBranxton NSW 2335
Property Details for 93 Maitland St, Branxton
Last Listing description (February 2018)
A very rare 10% return in the current market, this property is approximately 2,049m2 in size and zoned Light Industrial (IN2). It is located in one of the fastest growing residential corridors in the state and is adjacent to the new town of Huntlee (a huge residential development and the first new town in NSW in 50 years). It also has excellent access to the Hunter Expressway.
The tenant has operated from the property for approximately 13 years and has 2 years left on their current lease and an option for a further five years. The property currently returns $36,500 per annum and is adjusted annually. The tenant is a shed-builder/manufacturer and the structures which are on the property belong to the tenant.
The zoning also supports depots, garden centres, hardware and building supplies, hotel or motel accommodation, industrial training facilities, light industries, neighbourhood shops, places of public worship, pubs, warehouse or distribution centres among others.
Property History for 93 Maitland St, Branxton, NSW 2335
- 18 Jul 2023Sold for $500,000
- 16 Jun 2021Sold for $490,000
- 21 Dec 2017Sold for $350,000
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0About Branxton 2335
The size of Branxton is approximately 33.4 square kilometres. It has 3 parks covering nearly 0.7% of total area. The population of Branxton in 2011 was 1,826 people. By 2016 the population was 1,999 showing a population growth of 9.5% in the area during that time. The predominant age group in Branxton is 40-49 years. Households in Branxton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Branxton work in a trades occupation. In 2011, 79.2% of the homes in Branxton were owner-occupied compared with 79.4% in 2016.
Branxton has 1,207 properties. Over the last 5 years, Houses in Branxton have seen a 96.77% increase in median value, while Units have seen a 87.39% increase. As at 31 October 2024:
- The median value for Houses in Branxton is $898,990 while the median value for Units is $478,366.
- Houses have a median rent of $550 while Units have a median rent of $298.
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