Starr Partners
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108 Elgin Street, Maitland

Sold for $940,000

Prime CBD Development Site

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

Brendan Sarroff
0400 986 779