Situated in an ideal investment location mid-way between Maitland CBD and Rutherford shopping precinct and strolling distance to Telarah train station we have an opportunity for savvy investors that rarely comes on the market. Four one-bedroom flats in one Torrens Title complex on a 598 sqm parcel of land.
With a potential weekly rental return of $740 per week (assuming the flat left vacant for the sale process achieves a conservative $210 per week when compared to other 1-bedroom properties leased in the vicinity) and the scope to renovate the property and increase rental returns and property value this is an acquisition for your property portfolio that is not seen often.
Due to a lack of affordable housing in the greater Maitland area, one-bedroom property is always in high demand keeping rental returns high for the outlay of capital. Rental information for the three leased properties is: Flat 1: In lease until Jan 2020 at $190 per week. Flat 2: In lease until Oct 2019 at $170 per week. Flat 4: In lease until June 2020 at $170 per week.
See the property ebook for more information on the rental details of the tenancies and a comparable market analysis.

Call Michael Haggarty on 0408 021 921 or Andrew Lange on 0403 142 320 now to book an inspection.
First National David Haggarty, We Put You First.

Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries