Mayfield 131 Maitland Road

Nestled in a prime location, this property combines residential and commercial spaces, offering a truly unique investment opportunity.

Retail Ground Floor:
Currently leased until 31/08/2026 with a further 3-year optionRental income of $34,386.60 + GST with annual CPI increase, providing stability and growthBoasting a generous 125m2 of prime retail spacePrime street frontage for high visibility - Unique rear access for ease of use without disrupting retail operations
Remarkably, this shop has been leased to the same tenant for the past 20 years, underlining its attractiveness as an investment.
Residential Upstairs:
Secure lease in place until 22/01/2025, generating $18,200.00 per annumFeaturing a spacious master bedroom and a second bedroom with a built-in robeEnjoy open-plan living and dining areas that maximise space and comfortEmbrace outdoor living with a generous courtyard featuring an upper viewing platformBenefit from an 18m2 secure storeroom for added convenienceSeparate entrance for residential and commercial.
Outgoings:
Council rates: Approximately $3,618 per annumWater rates: Approximately $1,251 per annum
Location:
Centrally located in the heart of vibrant Mayfield, this property benefits from a thriving community and excellent foot traffic. Mayfield is celebrated for its trendy cafes, boutique shops, regeneration as a new and exciting suburb and cultural diversity, making it a highly desirable investment destination. Furthermore, it's just a short 10-minute drive to the thriving hub of Newcastle CBD and less than 30 minutes to the M1 motorway for added accessibility.

Inspection via private appointment.

Don't miss your chance to be part of the flourishing Mayfield property market – inquire now and seize this exceptional investment opportunity!

Zoning: Zone E1 Local Centre
Land Area: 189.7sqm approx
Council: Newcastle

IMPORTANT INFORMATION ABOUT AUCTIONS –
We welcome you to bid on-site or on-line.
All registrations need to be completed prior to the auction and require approval. Please allow sufficient time for the registration process.
Register via this link.. buy.realtair.com/properties/121776
Call 02 4943 6333 if you require assistance.

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property Information

• Land area approx

Property Features

• Air Conditioning