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NSW- UNDER CONTRACT -Maitland Lot 18,

NSW- UNDER CONTRACT -Maitland Lot 18,

1 Bedrooms 1 Bathrooms

Quest Maitland is situated 38 mins from Newcastle Airport and an easy commute to Newcastle’s business precincts.  Located at the gateway to the Hunter Valley and conveniently positioned in Maitland CBD it is only a short stroll to Maitland main shopping, eating and business precinct, as well as the art gallery and cinema.
A region with a rich history and emerging food scene its boasts a thriving events filled calendar.

The beautiful city makes for a scenic weekend escape or hub for many major businesses within close proximity to Newcastle Airport.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Floor Plan
18 $330,000 UNDER CONTRACT 7.01% 6.18% $404.00 $21,037 p/a  CLICK HERE

1 bedroom, 1 bathroom, double story loft style apartment.   Approximate floor area 58m2.
Balcony overlooking quiet Catherine Street, and large living lounge area.
Common ground carparking

Lease Details:

Current Rent:      $461 per week ($24,010 per annum)
Current Return:   7.27% Gross /   6.54% NET

Lease Terms:        Lease to 21/03/2022 plus 3 x 5 Year options
Rent Increases:   4% yearly with market rent reviews every 5 years (next due 2022)

The apartment has upgraded the following items:
Repainted 2018
New rangehood and hotplate and Air conditioner in 2019

In accordance with the lease this property will be due for carpet upgrades.
Bathroom upgrades including; shower screens, tapware, mirror replacement and grouting will be scheduled year term.

Approximate Owner Outgoings:
Council Rates: $576 per annum
Water Rates: $780 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1067.00 per annum





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