25 Mitchell Street Stockton NSW 2295

Phone enquiries - please call 1300 594 794 and quote property ID 38803.

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
20min Inspections are strictly by registration. Enquire please.
No walk-ins will be permitted

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.

Property Features

• Broadband
• Balcony
• Shed
• Deck
• Fully Fenced
• Pet friendly
• Air Conditioning
• Polished timber floors