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Exceptional Mixed Use Investment & Development Opportunity
Windella
· 5 Bedrooms · 3 Baths · Flat
Windella · 5 Bedrooms · 3 Baths · Flat
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 Featur
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 Featur
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