SOLD
Sold on 15 Aug 2023 for $525,000

7/394 Maitland Road
Mayfield NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 80m2
Land area: 634m2
Sold By
Brad Crouch
Commercial Collective
Sebastian Kavanagh
Commercial Collective
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Property Details for 7/394 Maitland Rd, Mayfield

Building Type
Commercial
Year Built
1945
Floor Size
80m2
Land Size
634m2
Local Government
Newcastle
Lot/Plan
7/SP74061

Last Listing description (October 2023)

Suite 7, 394 Maitland Road offers entry level investors a great opportunity to enter the commercial property market. The space will be offered with a new 3 year + 3 year lease in place to established Speech Pathologists, Small Talk Speech Therapy who have been providing high quality speech therapy to the wider Newcastle community for over 12 years. The new lease will include a net rental of $36,000 per annum plus GST with fixed 3.5% annual increases.

*Approximately

Property History for 7/394 Maitland Rd, Mayfield, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$525,000
15 Aug 2023
Listed for Rent
$287/w
13 Oct 2012
  • 15 Aug 2023
    Sold for $525,000
  • 13 Jul 2023
    Listed for Sale Auction
  • 24 Feb 2015
    Sold for $220,000
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About Mayfield 2304

The size of Mayfield is approximately 3.2 square kilometres. It has 18 parks covering nearly 6.9% of total area. The population of Mayfield in 2011 was 9,070 people. By 2016 the population was 9,301 showing a population growth of 2.5% in the area during that time. The predominant age group in Mayfield is 20-29 years. Households in Mayfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield work in a professional occupation. In 2011, 58.3% of the homes in Mayfield were owner-occupied compared with 55% in 2016.

Mayfield has 5,168 properties.

    There are currently 16 properties listed for sale, and 14 properties listed for rent in Mayfield on OnTheHouse. According to CoreLogic's data, 214 properties were sold in the past 12 months in Mayfield.

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    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.