49 Hanbury Street, Mayfield NSW 2304

Rarely do you find a property suited to a range of businesses or investors with R4 zoning within a renewal corridor with a potential rental yield of over 6%.

This expansive 7 bedroom property features two living areas, two kitchens, dining room, storage rooms, ducted AC and a covered courtyard area.

An ideal property for use as a group home (STCA) and approval for 'change of use' as a Health Services Facility this property will suit many businesses. And there are many other possible uses under the zoning (with consent) such as boarding houses, child care facility, co-living housing (e.g. student accommodation) plus more.

Sitting on a block of 759 square metres with a street frontage of over 15m the site also has significant development potential. Zoned R4 (High Density Residential) and within the Mayfield Rewal Corridor the site has a potential build height of 20m and a floor space ratio of 2:1 giving multiple development options.

The site is ideally located being only 200m from the Mayfield Village Centre and 450m from Waratah Train Station. The site has good access to transport links, with the Pacific Highway 200m away.

The site is within walking distance of Maitland Road (main shopping area), gyms, clubs,
pubs, cafes & restaurants and bus stops and a train station.

The approximate distance to amenities and places is detailed below:

Waratah Train Station - 450m
Maitland Village Centre - 200m
Mayfield Ex Services Club - 20m
Mayfield Medical Centre - 200m
Genesis Health & Fitness - 20m
Web Park - 150m
Mayfield Pool - 1.6km
Newcastle CBD - 4.4km
John Hunter Hospital - 6.8km
University of Newcastle - 3.8km
Newcastle Interchange - 4.4km
Bar Beach - 6.9km