Situated in the trendy heritage suburb of Lorn of the thriving city of Maitland, this investment property has a wide main street frontage (on a corner) giving side/ rear access for tenant parking & storage etc. There is a small area of unused storage shedding which could be leased out additionally or used by yourself for workshop area etc.

Not often do commercial premises become available in this small sort after village location just off of the main street of Maitland CBD. There are two tenants, a Newsagency & a Hairdresser. The Newsagent has a 5 year lease to 2017, with a further 5 year option. The Hairdresser has a 3 year lease to June 2013 with a further 3 year option. Both tenants pay outgoings. The rent received suggests a net return of approximately 7.5-8%. CPI is applicable annually as per standard practice.

Your agent Greg Ransom can supply & discuss further details with you upon request. Contact Greg on 02 4933 8011 during business hours.

The Auction is to be held Wednesday 28 November at 6:30pm at the Apollo International, Pacific Highway, Charlestown.