25 Mitchell St, Stockton NSW 2295

No walk-ins will be permitted.

An outstanding opportunity to acquire a tightly held mixed-use property in a prominent corner position, offering strong holding income, future flexibility and long-term upside in one of Stockton’s most sought-after locations.

The property will appeal to owner-occupiers seeking a unique residential home with income, as well as investors looking for a diversified mixed-use asset with strong fundamentals and future potential.

This distinctive two-storey early-1900s building features an impressive 10-metre street frontage, positioned on a true corner allotment with dual street exposure and excellent visibility, and benefiting from expansive street-facing glazing that provides excellent natural light and strong retail display presence.

Complemented by a refurbished facade and retained character elements, including high ceilings. Formerly known as Walter Balls General Store, the ground-floor commercial space has undergone a recent internal fit-out and is currently operating as a single retail tenancy.

Upgraded infrastructure is in place to support future conversion to two separate retail spaces, (STCA). The retail component benefits from upgraded electrical services with separate meters, along with a rear storeroom/kitchenette and toilet.

The primary shopfront is currently leased to an established retail tenant, providing immediate holding income.

A second street-facing commercial tenancy fronts Queen Street. Originally configured as a barber shop and currently operating as a herbalist clinic, this space includes air-conditioning and toilet facilities, further enhancing income diversification. Lease terms are available on request, with vacant possession potentially available by negotiation.

In addition to the commercial spaces, the property includes four self-contained residential units, comprising a main upper-level apartment positioned above the shopfront, a further self-contained unit on the upper level at the rear, and two self-contained units located at the rear on the ground level. All units are serviced by a single set of rates and connected to NBN.

The main upper-level apartment retains original features, including hardwood flooring, original ceilings, sash windows, French doors and the original staircase, adding warmth, authenticity and heritage appeal. Upper-level apartments enjoy harbour and Newcastle skyline glimpses or access to a private deck, while the ground-level units open onto a veranda overlooking a beautifully established garden and fully fenced yard.

The property also includes an approximately 60 sqm attic space with yellow-tongue flooring, presenting further value-add potential, including the opportunity to install gable windows and create a 360-degree outlook across Newcastle Harbour, historic Carrington, the Stockton coastline and toward Port Stephens (STCA).

The building benefits from existing and lawful consents that would be unlikely to be approved under current planning controls, representing a rare and valuable planning advantage for future owners.

Multiple pathways for future value creation exist, including the opportunity to renovate and enhance, sensitively restore retained character elements, or pursue reconfiguration and development potential, subject to relevant approvals (STCA).

Overall, the property delivers above-average rental yield, diversified income streams and strong long-term growth prospects.

Open house viewings by appointment ONLY

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.