Prime CBD Development Site
SOLD
108 Elgin Street
Maitland NSW 2320
Development
FOR SALE
300m2
Starr Partners is excited to present to the market for sale by expressions of interest, this rare opportunity to secure a large, corner freehold development site with passing income in the heart of Maitland.
Situated only meters from rail, bus, and road transport networks, 30 minutes from Newcastle and 2 hours from Sydney, this property is ideal for residential unit development (STCA) or investment.
Key highlights include:
• Land Area: 1688 m2 approx
• Zoning: B4 Mixed Use
• Building area: 300m2, masonry warehouse
• Plenty of parking
• Corner location
• Security fenced yard and tar sealed car park
• Holding income from Gymbaroo Child Care $42,946pa net
• Lease Term: 8 years from 2011
• Option: 5 years
• Outgoings: 100% payable by lessee
• Rental Increases: 3% annually
EOI closing date:29 September 2017
Situated only meters from rail, bus, and road transport networks, 30 minutes from Newcastle and 2 hours from Sydney, this property is ideal for residential unit development (STCA) or investment.
Key highlights include:
• Land Area: 1688 m2 approx
• Zoning: B4 Mixed Use
• Building area: 300m2, masonry warehouse
• Plenty of parking
• Corner location
• Security fenced yard and tar sealed car park
• Holding income from Gymbaroo Child Care $42,946pa net
• Lease Term: 8 years from 2011
• Option: 5 years
• Outgoings: 100% payable by lessee
• Rental Increases: 3% annually
EOI closing date:29 September 2017