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151 Maitland Rd 4,306 SF 85% Leased Retail Building Mayfield Newcastle, NSW 2304 $1,407,680 ($326.94/SF) 5.40% Cap Rate
Investment Highlights
- Office/retail space on the ground floor
- Positioned within the Heatherbrae commercial and industrial precinct
- Located on the Pacific Highway, a key regional arterial route
- Proximity to Raymond Terrace and Newcastle
Executive Summary
When fully leased, the property generates an estimated net rental income of approximately $130,000 per annum, supported by a diverse tenant mix. Outgoings are approximately $22,000 per annum, covering council and water rates, insurance, and utilities. To assist investors, the vendor is offering a six-month rental guarantee on the currently vacant commercial shop, effectively delivering the security of a fully leased holding from settlement.
Strategically located in the heart of Mayfield, the property provides immediate access to local amenities, public transport, and major arterial routes to Newcastle CBD. With strong local demand for both retail and residential accommodation, this property represents an excellent opportunity for investors seeking stable income in a high-growth location.
Property Facts
Amenities
- Signage
- Storage Space
- Recessed Lighting
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
151 Maitland Road, Mayfield is offering a ground-level retail/office space positioned along the main road frontage within the Mayfield commercial precinct. The tenancy provides a total building area of approximately 61 sqm and is suitable for a range of retail, office, or service-based uses, subject to approvals. The space features an open internal layout that can be configured to suit different operational requirements. Improvements include a plate glass shopfront, internal downlighting, a kitchen, and on-site amenities including a shower. The tenancy benefits from direct street access and is designed to support customer-facing or professional uses. Two on-site car spaces are allocated to the tenancy, providing parking for staff or visitors. The premises is offered on a gross lease basis, inclusive of outgoings, and is suitable for occupiers seeking a compact, well-located commercial space along a high-exposure corridor.
| Space | Size | Space Use | Position | Available |
| Ground | 657 SF | Office/Retail | - | Now |
Ground
| Size |
| 657 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Ground
| Size | 657 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
151 Maitland Road, Mayfield is offering a ground-level retail/office space positioned along the main road frontage within the Mayfield commercial precinct. The tenancy provides a total building area of approximately 61 sqm and is suitable for a range of retail, office, or service-based uses, subject to approvals. The space features an open internal layout that can be configured to suit different operational requirements. Improvements include a plate glass shopfront, internal downlighting, a kitchen, and on-site amenities including a shower. The tenancy benefits from direct street access and is designed to support customer-facing or professional uses. Two on-site car spaces are allocated to the tenancy, providing parking for staff or visitors. The premises is offered on a gross lease basis, inclusive of outgoings, and is suitable for occupiers seeking a compact, well-located commercial space along a high-exposure corridor.
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151 Maitland Rd
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