20-22 Elgin Street

Maitland NSW 2320

The Location
Positioned in Maitland's dynamic hub, this prime and historic commercial property boasts a strategic location near key infrastructures. Just a short distance from the vibrant Maitland CBD, it offers not only immediate access to local amenities but also seamless connectivity to major routes, making Newcastle and the Hunter Valley within easy reach. An invaluable asset for discerning investors in a rapidly expanding location.

The Snapshot
A Maitland architectural treasure, home of the renowned John Wiltshire Pender. Two buildings on a single title, and hosting three tenancies. Features throughout include heritage sash windows, 3ft ceilings, data cabling, four offices (one with ensuite), and comprehensive amenities. 22 Elgin Street leased at $2,159 permonth; 1/20 & 2/20 available at $1,650/month each. The property comes with designated car parks, rear access, and an unmatched location. A fusion of historical charm and prime investment.

The Property
Welcome to Pender House, a property of significance in the heart of Maitland. Once the residence and working hub of the renowned architect John Wiltshire Pender, this property stands as a testament to historic architectural finesse and present-day investment potential.

Spread across one title, the property encompasses two distinct buildings, hosting three separate tenancies. Each building is independently metered for water, ensuring hassle-free utility management. Plus, with single title ownership, forget the complexities of strata.

22 Elgin Street is already a revenue generator, with a lease generating $2,159 monthly. For potential tenants, 1/20 and 2/20 Elgin Street stand ready for occupation at a competitive $1,650 monthly.

Step into Pender House and note the subtle grandeur. Carpet to the flooring leads the way, paired with heritage sash windows. The upper level showcases 3ft ceilings, and the entire property is wired with data cabling to meet modern business needs.

The upper floor hosts four offices, with one boasting its own ensuite and dedicated air conditioning. There's also a foyer, a practical kitchen, a useful loft, and a brand-new balcony (replaced in 2023).

Downstairs, find a versatile front room equipped with air conditioning, a decorative fireplace, and classic high henley skirting boards. A separate internal room, timber-floored back room, and essential amenities like a shower and toilet ensure comfort and functionality.

The adjacent building at 22 Elgin Street offers an expansive open space, partitioned by current tenants for massage studios. This seperate space features two main rooms, one with an ornate fireplace, kitchenette, separate toilet and separate laundry/bathroom with shower and bathtub, making this addition self-sufficient.

Rounding off this fantastic investment opportunity is 6 designated car parking and easy rear access.

Pender House presents a balanced blend of history and investment opportunity. It's not just a property; it's a piece of Maitland's heritage ready for its next chapter.

SMS 2022El to 0428 166 755 for a link to the online property brochure.