​​Iconic Maitland Asset Transforms into Strategic Investment Opportunity​ 

​​Leased to global theatre operator Reading Cinemas, the property is an attractive proposition for both investors and owner occupiers​ 

Colliers is pleased to announce the launch of an exciting investment opportunity in the heart of Maitland’s thriving CBD. Lot 1, 1A Ken Tubman Drive is now available via an Expressions of Interest campaign, closing Wednesday 3 September 2025 at 4:00pm (AEST). Colliers team of Machael Chapman and Haliry Chapman are managing the sale on behalf of The Roman Catholic Church with price expectations above $3 million.  

Stepping into Maitland instantly provides a feel of history, creative energy and artisanal eateries for the curious crowds to come back. The city seen as a peaceful retreat is far from the city buzz and yet within easy reach of Hunter Valley’s vineyards and Newcastle’s coastal charms. It is confidently adopting strong rental yields and competitive capital growth, placing Maitland as one of Australia’s most sought-after regional locations.  

Lot 1, 1A Ken Tubman Drive is an iconic strata retail asset that spans 2,082m² and offers a unique repositioning opportunity within one of the Hunter Region’s fastest-growing urban centres. Currently configured as a cinema complex with four separate theatres, the property benefits from MU1 Mixed Use zoning, allowing for subdivision into multiple retail, commercial, or showroom spaces (STCA), or potential owner occupation. 

Strategically located just 900 metres from Maitland Train Station, with multiple bus stops within a 150-metre radius, the site offers exceptional visibility and accessibility for both staff and customers. The property also features shared parking for 100 vehicles, further enhancing its appeal to a wide range of users. 

Currently leased to global theatre operator Reading Cinemas on a 12 month short-term agreement, the property provides holding income with the added flexibility of a Lessor termination clause, making it an attractive proposition for both investors and owner occupiers. 

Associate Director at Colliers Newcastle, Michael Chapman said, “With a strata area exceeding 2,000sqm, this property stands out in a market where larger commercial assets within CBD locations are increasingly scarce. This limited supply has driven demand from both recreational and medical users, who are seeking well located assets that can accommodate their operational needs.”  

“A key feature of this offering is the existing lease structure, which provides holding income while also allowing for early termination, a rare advantage that enhances flexibility for both investors and owner occupiers. This structure positions the asset as a compelling proposition for those looking to secure a foothold with future upside in one of the Hunter Region’s most active growth corridors,” Colliers Executive Hilary Chapman added.