Offering immediate income together with outstanding development potential, 86 Church Street, Maitland presents a unique opportunity to secure a versatile mixed-use asset with multiple revenue streams and approved future expansion
Situated on a single title, the property comprises:
A commercial premises currently returning $29,000 per annum plus GST.
A separate 1-bedroom unit currently achieving $400 per week ($20,800 per annum).
A spacious 4-bedroom residence with an estimated rental return of $630 per week ($32,760 per annum).
Combined, the property offers a potential gross income of approximately $82,560 per annum, plus GST applicable to the commercial tenancy.
Further enhancing the appeal, the property benefits from approved Development Application (DA) and Construction Certificate (CC) for the construction of two additional townhouses at the rear of the site, allowing the successful purchaser to commence development without the delays associated with obtaining approvals.
Key Features
Mixed-use investment comprising commercial and residential assets.
Commercial premises returning $29,000 p.a. + GST.
1-bedroom unit returning $20,800 p.a.
4-bedroom residence with estimated return of $32,760 p.a.
Combined potential income of approximately $82,560 p.a. + GST on commercial lease.
DA and CC approval for two additional rear townhouses.
All improvements situated on one title.
Prime Maitland location close to the CBD, transport, schools, retail and amenities.
This is a rare opportunity for investors, developers and owner-occupiers alike to secure a high-performing asset with immediate cash flow and substantial future upside.
Disclaimer: The information herein is collected from sources we trust to be dependable.
However, we cannot guarantee its accuracy, so it is advisable for interested persons to rely on their own enquiries.
