69 Maitland Rd

Islington NSW 2296

Development Site

Currently for sale - view listing

Overview

City fringe mixed-use development site with holding income

Positioned along the prominent arterial corridor of Maitland Road, this versatile property presents a rare opportunity to secure a high-exposure site with significant development upside. Benefitting from dual street frontages to Maitland Road and Shedden Street, the property offers exceptional accessibility and flexibility for future development. The site comprises 452sqm* with an impressive 21-metre* frontage, providing an ideal footprint for redevelopment. Located within the NSW Government's Transport Oriented Development (TOD) Initiative, the property is well positioned to capitalise on increased density and future planning uplift, subject to approval. Strategically located in Islington, a prime city fringe suburb, the property offers seamless connectivity to the Newcastle CBD, Hamilton Train Station and surrounding suburbs, enhancing its appeal for both residential and mixed-use outcomes. The existing improvements include a ground floor commercial tenancy, complemented by a two-bedroom unit and two three-bedroom units on the upper level. In addition, the property provides parking for five vehicles accessed via Shedden Street, delivering strong holding income while future development plans are explored. Key Features - Diversified gross holding income of $108,420* per annum - Four-income stream investment compromising commercial and residential tenancies - Substantial 452sqm* mixed-use building area - 449sqm* site with practical re-development dimensions - Prominent 21m* frontage to high-exposure Maitland Road - Dual Street access via Maitland Road and Shedden Street - Rear on-site parking accommodating five vehicles - E1 Local Centre zoning supporting mixed-use redevelopment potential - 11m* maximum building height allowance - 1.5:1 floor space ratio enabling increased density outcomes - Positioned within transport- orientated planning framework (STCA) *Approximately