SOLD
Sold on 23 Oct 2023 for $2,800,000

9/1A Ken Tubman Drive
Maitland NSW 2320

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 88m2
Land area: 2082m2
Save

Property Details for 9/1a Ken Tubman Dr, Maitland

Building Type
Commercial
Year Built
2012
Floor Size
88m2
Land Size
2082m2
Local Government
Maitland
Lot/Plan
1/SP41681

Last Listing description (August 2023)

JLL Retail Investments is excited to offer for sale the Maitland Centre, a prime repositioning opportunity allowing for a retail and showroom redevelopment or boutique cinema offering in the heart of Maitland**.

Maitland Centre is being offered for sale by an Expressions of Interest campaign closing at 4:00 pm (AEST) Wednesday, 23rd August 2023. To receive further information, or to arrange inspection, please contact the exclusive sales agents.

Sebastian Fahey | +61 459 423 588

David Mahood | +61 406 134 232

*All figures unless advised are approximate
**Subject to Council Approval (STCA)

Unique Repositioning Opportunity: Providing significant value upside to both owner occupiers and developers, Maitland Centre provides an uinique opportunity to reposition 2,082 sqm of Gross Floor Area (GFA).

Retail Development Potential: The existing cinema layout provides an attractive opportunity to redesign the Centre into multiple tenancies or showrooms to create an internalised retail precinct (STCA).

Owner Occupier Offering: The 2,028 sqm building caters to owner-occupiers looking to grow their business's footprint in the well-established retail complex in the Maitland CBD (STCA).

Restoration into Boutique Theatre: Rare opportunity for a cinema operator to capitalise on the Centre's current significant fitout, repositioning the Centre into a boutique offering, preserving the historical establishment and enhancing the cinema.

Absolute Convenience: The Centre is positioned in the heart of the Maitland CBD on the main thoroughfare of Ken Tubman Drive with convenient shared parking for 100 vehicles. 1

Attractive Short-Term Holding Income: Maitland Centre is being offered with a 24-month lease to American listed Reading International Inc (NASDAQ:RDI), providing the incoming purchaser with a secured income stream.

Strong Regional Destination: Maitland is one of the fastest growing locations in NSW with an attractive annual population growth rate of 3.14% since 2016, attracting both families and tourists, further boosting the Centre's repositioning potential. 2,3

Major Investment in the Region: The Hunter Valley is experiencing significant investment and development, totaling $48 billion of economic output. The Hunter Valley is also underpinned by various thriving industries such as agriculture, business, mining and tourism. 4

Property History for 9/1a Ken Tubman Dr, Maitland, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$2,800,000
23 Oct 2023
  • 23 Oct 2023
    Sold for $2,800,000
  • 27 Jul 2023
    Listed for Sale Contact the selling agents
  • 10 Apr 2001
    Sold for $2,240,000
Sign in to see more transactions

Commute Calculator

About Maitland 2320

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 1,748 properties.

    There are currently 11 properties listed for sale, and 4 properties listed for rent in Maitland on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Maitland.

    Suburb Insights for Maitland 2320

    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.