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24 Charles Street Maitland NSW 2320

  • Hotel / Leisure
  • 391 m²
  • For Sale, $2,250,000

Quality Investment in the heart of Maitland CBD

- The subject property comprises of a two storey building containing 4 x two bedroom dual key serviced apartments plus 2 x one bedroom serviced apartments.

- The ground floor comprises a lobby with stairwell, lift and store room, plus three apartments. The first floor accommodates the remaining seven apartments accessed off a T-shaped hallway. Each apartment comprises a kitchenette, bathroom and bedroom, and five of the apartments also feature a living / lounge room.

- Externally, there is covered parking for seven vehicles (including one disabled space) accessed via the adjoining Quest development at the front of the property. Driveways and courtyards also form part of the property.

- The building was completed in February 2014 and has the added benefit of tax depreciation write-off available.

- The property is fully leased by Quest Apartments (Quest Maitland Tenancy Pty Ltd).

- Centrally located in the heart of the Maitland CBD
- Total site area 499.5 square metres (approx.)
- Total building area 391 square metres (approx.)
- Zoned B4 Mixed Use under Maitland LEP 2011
- 4 x two bedroom dual key apartments plus 2 x 1 bedroom apartments
- Seven on-site car spaces (including one accessible space)
- Leased to Quest Maitland until March 2022 plus 3 further 5 year options
- Rental income $169,630 per annum gross plus GST (approx.) from 22 March 2018
- Annual 4% fixed rent increases

- Sale Price - $2,250,000

Address24 Charles Street Maitland NSW 2320
ZoningB4 Mixed Use
CouncilMAITLAND CITY COUNCIL
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2012519059
Floor Area391 m²
Land AreaAsk Agent
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  15 Aug 2019
Map for 24 Charles Street Maitland NSW 2320
Colliers International - Newcastle
Gf, 18 Honeysuckle Drive Newcastle NSW 2300

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