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1-3 Ken Tubman Drive 5,726 SF Office/Retail Condo Unit Offered at $1,241,294 in Maitland, NSW 2320
Investment Highlights
- Prime CBD location in Maitland with strong exposure on a high-traffic corner site.
- Proven history of consistent occupancy, offering long-term investment security.
- Flexible open-plan layouts with dedicated meeting rooms and prominent street frontage.
Executive Summary
Positioned in the thriving heart of Maitland’s CBD, this property offers an outstanding investment opportunity with strong fundamentals.
Property Facts
| Total Building Size | 58,534 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 58,534 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 2.77 AC |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Total Building Size | 58,534 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 58,534 SF |
| Lot Size | 2.77 AC |
| Parking Ratio | 1.91/1,000 SF |
Amenities
- Mezzanine
- Signage
1 Unit Available
| Unit Size | 5,726 SF | Sale Type | Investment |
| Price | $1,241,294 | Cap Rate | 7.70% |
| Price Per SF | $216.78 | NOI | $95,579.62 |
| Condo Use | Office/Retail |
| Unit Size | 5,726 SF |
| Price | $1,241,294 |
| Price Per SF | $216.78 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| NOI | $95,579.62 |
Description
This dual-tenancy commercial property commands a prime position in the vibrant heart of Maitland’s CBD, offering investors a rare opportunity to secure a high-performing asset with long-term stability. Featuring a robust 7% net return and a proven history of consistent occupancy, this property is the definition of a set-and-forget investment.
Sale Notes
The asset is anchored by Castle, a respected and long-standing tenant who is the largest DES and NDIS provider across Newcastle, the Hunter, and Central Coast regions. Their lease runs through November 2026, providing a strong foundation of income security. Complementing this is a recently secured IT specialist tenant, underscoring the property’s versatility and appeal to a diverse commercial base.
Both tenancies enjoy generous open-plan layouts, dedicated meeting rooms, and expansive frontages that maximize visibility along a high-traffic corridor. Situated on an inset corner block, the property benefits from excellent exposure and accessibility, ensuring sustained demand from quality tenants.
With combined tenancies generating approximately $138,000 per annum post recoverables, this property delivers on every key metric: location, yield, and tenant quality. Whether you are expanding your portfolio or entering the commercial investment market, this is an opportunity not to be missed.
Presented by
1-3 Ken Tubman Drive
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