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Sold - Lot 23, Maitland, NSW

Sold – Lot 23, Maitland, NSW

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
23 $300,000 Sold 7.01% 6.18% $404.00 $21,037 p/a  CLICK HERE

1 bedroom, 1 bathroom apartment, with spacious open floor plan and lovely front facing aspects from the main terrace

Lease Details:

Current Rent:      $404 per week ($21,037 per annum)
Current Return:   7.01% Gross /   6.18% NET
Increases as follows: 
March 2020-            $21,878-    7.29% gross
March 2021-            $22,753-    7.58% gross
March 2022-             Market Review

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

Approximate Owner Outgoings:
Council Rates: $585 per annum
Water Rates: $980 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $912.00 per annum





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