SOLD - Mayfield (Newcastle) - High Yielding Investment

Cushman & Wakefield are pleased to present to the market 132 Maitland Road (Pacific Highway), Mayfield for sale via an Expressions of Interest campaign closing Thursday 4 July at 4pm.

The property has the following key characteristics:  

• Original 12 year lease plus options to 2032
• Corporate lease to 7 Eleven Stores Pty Ltd - Australia’s third largest private company with a network of over 650 convenience stores
• Purpose built facility with modern fibre glass tanks
• Highway thoroughfare with exposure to 11,000 cars daily
• Commanding 1,471 sqm high profile site facing Pacific Highway
• Strategically positioned opposite a brand new two storey Coles Supermarket to be developed
• Thriving commercial precinct surrounded by national tenants including McDonalds, Aldi, Chemist Warehouse, KFC, Centrelink/ Medicare, Anytime, Subway, Cash Converters and Australia Post
• Mayfield - Recognised as a key growth area in the north-western suburbs of Newcastle. Newcastle is the second most populated area in New South Wales with a growing population currently sitting at 442,227 people
• Tenant pays all usual outgoings (excluding Land Tax)
• Fixed 4% annual rent increases
• Net Income $415,772 pa + GST

For more information please contact the exclusive agents at Cushman & Wakefield.