20 - 22 Elgin Street,,
Maitland, NSW 2320

Refurbished / Quality property that could be converted into your inner city residence with an income right next door.

GROUND FLOOR
Tenant - Duncan Schofield Financial Planning
Lease - 2 yr x 2 yr - from May 2011
Use - General Office
Rental - $15,600.00 Gross p.a. + GST

FIRST FLOOR
Tenant - Galloway Legal
Lease - 2yr x 2yr x 2yr -from May 2011
Use - Solicitors Office
Rental - $13,000.00 Gross p.a. + GST

ADJOINING SINGLE LEVEL BUILDING
Tenant - Employment Agency
Lease - Month x Month
Rental - $14,040.00 Gross p.a. + GST

APPROX GROSS RENTAL: $42,640.00

LESS
Maitland Council Rates & charges - $5,720
Water rates & water usage - $1,120
Building Insurance - $2,750
Management - $1,600
General maintenance - $2,000 (approx)
Land Tax - NA

NETT RENTAL: $29,450 p.a

PRICE: $490,000 + GST (if applicable)

AGENT'S COMMENTS: Known as the Pender Building and possibly one of Maitland's finest heritage designed premises. 20 - 22 Elgin Street offers a number of excellent income streams (continue collecting the current income / sub-divide the property OR call No. 22 "Home" and collect income. Call now to discuss and to make an appointment to inspect.