To view the Contract of Sale & additional information please copy & paste this link into your search bar: https://bit.ly/MaitlandRdDevelopment

The property is currently leased for 5 years + 5 years with a 5 year option.

The property is currently returning $181,484.16 + GST

Outgoings:
Council Rates - $19,156.45
Insurance til December 2023 - $6,562.41
Tenants pay water rates & usage as per lease.
Lower level (28-30) pays additional council waste levy as per lease.

Height - 11m
Floor Space Ratio (FSR) - 1.5
Zone - R4 High-Density Residential

Objectives of R4 High-Density Residential Zoning :

• To provide for the housing needs of the community within a high-density residential environment.
• To provide a variety of housing types within a high-density residential environment.
• To enable other land uses that provide facilities or services to meet the day-to-day needs of residents.
• To promote a denser urban form along transport corridors while respecting the residential character of adjoining streets.
• To maximise redevelopment and infill opportunities for high-density housing within walking distance of centres.
• To provide for commercial development that contributes to the vitality of the street where provided within a mixed-use development.
• To promote a balance of residential accommodation within a mixed-use development.

Permitted without consent :

Environmental protection works; Home occupations

Permitted with consent :

Attached dwellings; Boarding houses; Business premises; Car parks; Centre-based child care facilities; Community facilities; Educational establishments; Emergency services facilities; Flood mitigation works; Food and drink premises; Health services facilities; Home-based child care; Home businesses; Hostels; Kiosks; Multi-dwelling housing; Neighbourhood shops; Office premises; Oyster aquaculture; Places of public worship; Recreation areas; Recreation facilities (indoor); Residential flat buildings; Respite day care centres; Roads; Service stations; Shop top housing; Tourist and visitor accommodation

Disclaimer: The information provided by Creative Property Co. on any marketing material is for general informational and educational purposes only. All information is provided in good faith and is believed to be accurate, however, Creative Property Co. will not be held liable regarding the accuracy, validity, availability of any information expressed or implied. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. Photos have been edited for marketing purposes.