2-storey accommodation block for investment

The inclusion of prepaid electricity and water meters in most units, along with the unique feature of gas geysers in studio apartments 7 & 8, offers flexibility and cost-effectiveness for both tenants and the owner.

Security measures like the fingerprint reader and turnstile at the front gate enhance safety, which is always a priority in rental properties. Additionally, the availability of parking bays adds to the property’s attractiveness.

The diverse tenant mix, including students, contract personnel, and longer-term residents, ensures a steady rental income stream. The option to utilize the caretaker’s services for transportation to educational institutions further adds value to the property.

Considering the VAT registration of the current owners, potential buyers need to factor in the 15% VAT charge into the sale price. However, this can be reclaimed by VAT registered buyers, mitigating some of the financial impact.

Overall, this property presents an exceptional investment opportunity in Maitland’s dynamic property market, with its lucrative rental potential and strategic location.