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Sold: Lot 7, Maitland, NSW

Sold: Lot 7, Maitland, NSW

1 Bedrooms 1 Bathrooms

Quest Maitland Property Investment

Located 35 Km from Newcastle, and 2 hours by road from Sydney, Maitland is one of the oldest heritage rich, regional centres in Australia.
With an increasing number of Sydney and international companies moving to the Maitland district, the region is growing rapidly.
Its proximity to the airport, vineyards, historical centres of the Hunter Valley & Newcastle gives Maitland strong tourism appeal.

 

Apartment Asking Price Status Design Gross Return Weekly Rent Annual Rent
Lot 7 $290,000 Sold 1BR 6.58% $367 $19,068

Next Rent Increase: 1st March 2018
Current Return: 6.57% Gross
Lease Terms: Lease to 22/03/2022 plus 3 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due March 2017)

Approximate Owner Outgoings:
Council Rates: $488 pa
Water Rates: $800 p/a
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1090 p/a
Apartment is approximately 55m2 internal plus 8m2 balcony.

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