68 Woodstock Street, Mayfield

HTL Property, acting as exclusive agency, is pleased to present 68 Woodstock Street, Mayfield to the market via Private Treaty.

68 Woodstock Street, Mayfield is a stately property on a prime block in suburban Newcastle. A former Redemptorist monastery and home to a historic order of monks, the property is now an imposing boarding house surrounded by gardens, statues, history, and grandeur.

Investment highlights:

• Unique heritage building suitable to boarding house, student accommodation or alternative use (STCA).
• 6km from the Newcastle CBD & 3km from the University of Newcastle.
• The Newcastle Metropolitan Area is a rapidly growing city with a diverse and formidable economy.
• Significant landholding of 14,806 sqm.
• 48 boarding house rooms serviced by shared amenities, common spaces, outdoor areas, and gardens.
• Additional ten rooms and three apartments able to be converted into rental accommodation (STCA).
• Generates $390,520 per annum in gross passing revenue from tenants with pending rent increases.
• Low 0.9% residential vacancy rate with 35.6% of the Newcastle population renting, sky high demand for residential accommodation.
• Newcastle is a young and vibrant city with people aged between 20 and 34 making up 24.4% of the population.

68 Woodstock Street, Mayfield is for sale via Private Treaty.