Property Portfolio

MAITLAND - Cnr New England Highway & Johnson Street, Maitland, New South Wales

Brief description
A prominent site located near the intersection of the New England Highway and Johnson Street
Total retail area (sq.m)
12,797
Land area (sq.m)
37,000
Annualised rental ($)
1,160,000 as at 30 June 2010
Interest valued
Freehold, subject to lease
Original valuation
$10.8 million, August 2003
Purchase price
$10.7 million
Latest independent revaluation
$14.5 million, December 2009
Current valuation
$14.5 million, June 2010
Maitland, a regional city located in the Hunter Valley region, is approximately 32 kilometres west of Newcastle and 200 kilometres north of Sydney.  The property is prominently located on the New England Highway, approximately three kilometres west of the main business district.

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