13 Melbourne Street East Maitland, East Maitland Sold Property

13 Melbourne Street, East Maitland

Sold for $430,000
Opportunity, Location & Yield

Very rarely do small freehold investment style properties become available for sale in the Melbourne Street precinct, Being sold as a going concern and showing a healthy yield.
13 Melbourne Street offers opportunity for building expansion as well as total redevelopment.

Features Include:
• Double brick construction
• Office area & Showroom
• Large carpark & loading area
• High profile location

Particulars:
• Building area: 200m2 approx
• Land area: 889m2
• Frontage: 23m

Lease Details:
• Commercial lease expiring: 31 July 2018
• Option Period: Nil
• Outgoings: paid by lessee
• Present rental: $32,400 net pa plus GST

For further information please contact Brendan Sarroff on 0400 986 779