Put simply, a set and forget gem for discerning investors

113/1 Ken Tubman Drive, Maitland NSW 2320

$319,000
 | For Sale
Beds: 1 Baths: 1 Car Park: 1

Nestled within the ‘Quest Apartments Maitland’ complex, this exceptional one-bedroom unit is the quintessential set-and-forget investment. Operating as short-term accommodation, leased to Quest until 21/03/2027 with options of 5 x 5 year renewals with a monthly rental return of $1,840.97 ($22,091.64 p/a), it brilliantly caters to the burgeoning visitor economy of the Hunter Valley area. This investment gem offers approximately 52sqm on title providing space to move. Guests enjoy a bright open plan design, a balcony for alfresco enjoyment, a king size bedroom, fully equipped kitchen, and a smartly renovated bathroom/laundry combo. A secure car space is also included making this place perfect for weekend escapes or regularly in-town business people. Perched on the Hunter River, Maitland has a vibrant city lifestyle with a small-town flair. Explore the heritage trail by bike or get to know some of the oldest wineries in the country. There’s art, history, food and nature a-plenty – and all so close to Quest Maitland. Just a two-hour drive north from Sydney, Quest Maitland serves as an exceptional base for exploring the diverse wonders of the region.

– Quest Apartments are positioned in the heart of Maitland
– First floor one-bedroom residence with balcony and secure car space
– Fully furnished and air-conditioned
– Sage Café in the building for coffee, breakfast, and lunch
– Moments to Maitland Art Gallery, and popular pubs and eateries
– Monthly Rental Return: $1840.97 (Annually $22,091.64)
– Maitland Train Station – 10 min stroll, Hunter Valley vineyards – 30 mins, Newcastle – 40mins, Newcastle Airport – 40 mins, Wahroonga – 100 mins
– Rental increases of 4% annually during each lease term
– Market rent review every 5 years.
– Current annual outgoings of approximately $2,252.00
– No management fees.
– Sell at any time.

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.