395 High Street,
Maitland, NSW 2320

The property is located on the southern side of High Street, Maitland in a prime position in Maitland Shopping Mall. Maitland Mall is to be opened to one (1) way single lane traffic in the very near future and is also planned to open to the river front on the northern side a very short distance from the subject property. The work is to be undertaken by Maitland City Council and we understand that all of these approvals are in place.

The property has approximately eight (8) metres of frontage to Maitland Mall. It has a glazed shopfront above a masonry base with a recessed entry to allow disabled access. The property is constructed of brick with iron roof.

Rear access is also provided from Coffin Lane. Internally, the property comprises a front showroom area of approximately 176 square metres. It is carpeted, air conditioned by three (3) split system units, has a central sales counter and the remainder is open plan displaying mobility equipment which the business sells.

Behind the showroom is a storeroom of approximately 144 square metres, a kitchen and amenities area of approximately 24 square metres and a repair and maintenance workshop of approximately 49 square metres. These areas behind the showroom benefit from the rear access as does the first level which is used for storage purposes, particularly in busy times.

The first level has a front area of approximately 270 square metres and a rear area of approximately 100 square metres which also provides a hoist for equipment loading into the first level if necessary. The hoist is in working order and comes with the property.

The property is currently leased to Hunter Mobility & Independence Pty Limited on a new 4 year lease plus two 3 year options - currently returning $72,000 net per annum