9/1A Ken Tubman Drive, Maitland, 2320, NSW,2320

JLL Retail Investments is excited to offer for sale the Maitland Centre, a prime repositioning opportunity allowing for a retail and showroom redevelopment or boutique cinema offering in the heart of Maitland**.

INVESTMENT HIGHLIGHTS

• Unique Repositioning Opportunity: Providing significant value upside to both owner occupiers and developers, Maitland Centre provides an uinique opportunity to reposition 2,082 sqm of Gross Floor Area (GFA). 
• Retail Development Potential: The existing cinema layout provides an attractive opportunity to redesign the Centre into multiple tenancies or showrooms to create an internalised retail precinct (STCA).
• Owner Occupier Offering: The 2,028 sqm building caters to owner-occupiers looking to grow their business's footprint in the well-established retail complex in the Maitland CBD (STCA).
• Restoration into Boutique Theatre: Rare opportunity for a cinema operator to capitalise on the Centre's current significant fitout, repositioning the Centre into a boutique offering, preserving the historical establishment and enhancing the cinema.
• Absolute Convenience: The Centre is positioned in the heart of the Maitland CBD on the main thoroughfare of Ken Tubman Drive with convenient shared parking for 100 vehicles.1
• Attractive Short-Term Holding Income: Maitland Centre is being offered with a 24-month lease to American listed Reading International Inc (NASDAQ:RDI), providing the incoming purchaser with a secured income stream.
• Strong Regional Destination: Maitland is one of the fastest growing locations in NSW with an attractive annual population growth rate of 3.14% since 2016, attracting both families and tourists, further boosting the Centre's repositioning potential.2,3
• Major Investment in the Region: The Hunter Valley is experiencing significant investment and development, totaling $48 billion of economic output. The Hunter Valley is also underpinned by various thriving industries such as agriculture, business, mining and tourism.4

Maitland Centre is being offered for sale by an Expressions of Interest campaign closing at 4:00 pm (AEST) Wednesday, 23rd August 2023. To receive further information, or to arrange inspection, please contact the exclusive sales agents.

Sebastian Fahey | +61 459 423 588

David Mahood | +61 406 134 232

*All figures unless advised are approximate

**Subject to Council Approval (STCA)

1. Subject to BMS

2. Compound annual growth rate from 2016 to 2021

3. Australian Bureau of Statistics - 2021

4. RDA Hunter - 2021

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