1A Ken Tubman Drive, Maitland NSW 2320

High Yielding investment of 7.8% with long term leases

1A Ken Tubman Drive, Maitland presents a strong yield of 7.8% with this multi-tenanted asset in the high growth area of Maitland. This is a secure investment opportunity with strong leases in place and long-term income stability, currently generating a combined income of $176,478* net per annum plus GST. The ground floor features a fully fitted restaurant catering to 100 patrons, complete with a commercial kitchen, cool rooms, and a bar, while the first floor offers a modern commercial workspace with lift access, private offices, a large training area, and multiple amenities.

The ground floor is leased to NCR Beaumont Pty Ltd, operating as Blooming Garden Korean BBQ, on a 10-year lease up until September 2034, generating $100,000* net per annum plus GST. The first floor is occupied by KOW Services Pty Ltd on a 3-year lease with a 3-year option starting in April 2024, providing $106,940* gross per annum plus GST.

The strata complex provides 135* dedicated parking spaces, of which 115* spaces are conveniently located nearby and surrounding the property and an additional 20 parking spaces are situated directly behind the building, ensuring easy accessibility for both customers and staff.

Investment Highlights:
- Combined rental income of $176,478* net per annum plus GST
- Secure long-term tenants
- High-traffic location
- Level 1 on a secure 3 year lease with a 3 year option
- Ground floor on a secure lease until 2034
- Well-maintained, multi-use commercial building
- Ample on-site parking
- High-traffic location

*Approximately