Residential: Boarding House
ALL SET READY TO GO!
Rare opportunity to purchase a DA approved site with plans for a seven room boarding house plus 2 bedroom caretaker's residence. The 511 sqm allotment currently consists of an older style 2 bedroom house in need of refurbishment, with a garage.
The approved boarding house plans allow for each unit to have its own kitchen, bathroom and open plan living, bedroom area. The caretaker's unit consists of 2 bedrooms, living room, kitchen, bathroom and laundry.
The site also has provision for a 3 car garage and space for parking 2 motorcycles as well as 2 street access to the property.
Maitland is on the way up and this property is located close to the action as it is within walking distance to schools, Maitland Art Gallery, the Council and Administration Building, the Showground, Basketball Stadium, Netball Courts, Maitland Park and Aquatic Centre, High St Train Station and Maitland Sports Ground.
A completed boarding house would be an excellent site for either short term or long term accommodation options. The likely rental return shows the potential of 10% plus return on investment. If you are looking for a building project with potential to make money at the other end, then look no further.
Contact agent today for an Information Memorandum showing DA Approved Plans.
Expressions of Interest, Closing 3pm 28 June 2019
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