Chic Downtown Office Investment with Huge Upside!

416 High Street, Maitland, 2320

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959,000 AUDEst. Mortgage: AUD 6,739/monthFor Sale
  • Ownership Type Apartment
  • Property Area 250 sqft
  • Bedrooms 4
  • Bathrooms 2
  • Furnished No
  • Last Updated 1st Jul, 2023

Amenities

Feature that provides comfort, convenience, or pleasure
  • Air Conditioning
  • Toilets: 4

Property Overview

The Hills Chambers Building is arguably one of the most identifiable & sought-after properties in the beating heart of Maitland's thriving Central Business District. Complete with a killer fitout & grungy downtown vibe, this is a sensational opportunity to secure this stellar building and receive a robust income in the medium term. <br/><br/>The future though is definitely bright here with the real potential of - making this the ideal "Inner City" residence (subject to Council) and benefit from the dual zoning that exists at the property. Its your choice obviously and with the benefit of 2 tenancies, returning $77,000 gross p.a, we will ensure whatever options you choose, you'll be well rewarded while you continue to explore what the future will bring. <br/><br/>Building 1: The Hills Chambers Building - Leased to quality medical tenants for app $43,000 p.a on a gross lease with total lettable area of approximately 200sqm of amazing floorspace. Spread over 2 magnificent levels the architecturally designed interior retains its stunning period vibe, all the while showcasing a modern inner city warehouse design. Simply put, this building just must be seen to be truly appreciated. Leased to 2024 with options, The Hills Chambers building is a one of a kind!<br/><br/>Building 2: 4Cyte Pathology – The secondary building in the equation, reflects a prime main street shopfront opportunity. Leased again, to quality medical tenants for app $34,000 p.a on a gross lease with total lettable area of approximately 90 sqm with excellent ground level exposure. With a 4 year option for the long term player to be considered post 2025, we see this as a set and forget investment for the long haul.<br/><br/>Please contact Todd Fisher or Ben Cotton for all enquiries and inspections 0438592920 OR 0434638822<br/><br/>All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.<br/><br/>Note: Indicative photos and furnishing in some instances. <br/>Please call agent to discuss. <br/>Residential options subject to Maitland City Council. <br/>The property is available for immediate sale with a slight delay in settlement probable while the subdivision plan is being registered.<br/>

Location on Google Map

416 High Street, Maitland, 2320

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