313 High Street, MAITLAND NSW 2320
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- 7 Apr 2017
ROBUST COMMERCIAL INVESTMENT POSSIBLE 10% RETURN
This stunning freehold commercial building, has a new 2 year lease PLUS a 2 year option and a guaranteed purchase date locked in. The new lease shows a return to the owner of $36,400 per annum NET for the commercial premises and with an upstairs 1brm flat possibly able to generate a further $10,000 per annum after some refurbishment, we see this as a BUY.
The building was erected in 1875 and is easily identified as a landmark property in the area. The internal space is spread over 2 luxurious levels and includes app 250sqm of prime modern fitout (without the upstairs flat) and an additional 57sqm in the upstairs flat and is zoned B4 mixed use for both a mixture of commercial and residential accommodation. With front and back access available and ample car parking at the rear of the property, we ask the question, can it get better than this?
Auction to be held in the LJ Hooker Maitland Office, 24 Ken Tubman Drive Maitland 6/4/17 at 5.30pm
Note: Plus GST if applicable
For all details including private viewings only, contact Todd Fisher 0438592920
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
313 High Street MAITLAND