This mixed-use space in Maitland is a rare gem, boasting a charming blue exterior and occupying a prime corner position surrounded by boutique outlets, cafes, and restaurants. The spacious building sits on a 144.7m* block.
On the ground floor, the commercial space features large picture windows and its own separate rear access with off-street parking. At the end of a pedestrian crossing, it offers a steady flow of passing foot traffic.
The upper level features a two bedroom apartment with its own entrance and a light-filled contemporary interior with a versatile floor plan. The apartment has an upgraded granite topped kitchen with shaker style cabinets, white appliances, ceramic cooktop, and timber floors. There is also a generous sized lounge room or third bedroom, plus a bathroom with timber vanity and glass framed shower. The building has off-street parking for up to three vehicles.
Both the commercial and residential space are currently leased with a combined gross income of $53,400* per annum.
Located just moments away from shops, schools, and transportation, this property is an investment opportunity with two rental income streams or a chance to live and work from the same premises. It is located just one kilometre* from Maitland Station and Harold Gregson Reserve and less than a 10 minute* drive from the Green Hills Shopping Centre and 40 minutes* from the Newcastle CBD. The property is positioned just 350 metres* from Maitland Post Office, making it an ultra-convenient location.
Council Rates: $4,583* per annum
Water Rates: $869* per annum
For Sale by Private Treaty | $750,000 - $800,000
*Approximate
The size of Maitland is approximately 5.5 square kilometres. It has 7 parks covering nearly 13.4% of total area. The population of Maitland in 2011 was 1,833 people. By 2016 the population was 1,857 showing a population growth of 1.3% in the area during that time. The predominant age group in Maitland is 40-49 years. Households in Maitland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maitland work in a professional occupation. In 2011, 60% of the homes in Maitland were owner-occupied compared with 58.3% in 2016.
Maitland has 1,770 properties. Over the last 5 years, Houses in Maitland have seen a 45.37% increase in median value, while Units have seen a 63.14% increase. As at 30 November 2024:
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