For Sale | Apartment,Unit | 7,8,9 & 10 of 287 Beardy Street, Armidale NSW 2350 | $165,000 EACH

FOUR UNITS FOR SALE - BUY ONE OR BUY THE LOT!

  • 8 Bed
  • 4 Bath

Located only 1.5km from the city centre, 3.3km from UNE, 290 metres to the nearest hospital and 400 metres from hotel/restaurants in either direction and immediately across the street from Saturday morning cricket and afternoon footy matches... these units are perfectly placed to offer absolute convenience to its residents.

Features:

• 4 x 2 bedroom units

• Built-in robes in all bedrooms

• Each unit has its own laundry

• All units are for sale by one owner

Investment potential:

• All four units are currently tenanted. the rental returns for each unit are as follows:

Unit 7 is returning $180 per week

Unit 8 is recently returning $200 per week

Unit 9 is returning $180 per week

Unit 10 is returning $180 per week

• With full occupancy based on the above rental returns, the property has the potential to provide a gross return of 5.8%

• There is scope to update the units and increase the returns

Proximity to Education facilities (approximations only)

• 550 metres from Drummond Memorial Primary School

• 1.7 kms from Armidale High School

• 450 metres from the Armidale TAFE College

• 750 metres from the Armidale Montessori Pre School

• 3.3 kms from the University of New England

Proximity to Shopping

• 850 metres from Armidale Central Shopping Centre

• 350 metres from the nearest corner store

• 1.5 kms from the centre of the Armidale CBD (a level walk into town)

Proximity to Dining and Entertainment

• 400 metres from the nearest hotel/restaurant

• 1.1 kms from the nearest cinema

• Straight across the street from the nearest park/playground/playing field

Proximity to Health Facilities

• 180 metres from the nearest public and private hospitals

INVESTING IN ARMIDALE

Armidale is a thriving city with a strong and diverse economy. It has key strengths in education, health, agriculture, retail and professional services. AS a regional service centre its wide range of goods and services are accessed by in excess of 71,000 people spread throughout the entire New England and Northern Tablelands area.

In recent years the city has enjoyed an unprecedented level of infrastructure spending. Recent developments include:

• $18m Education and Training facility at UNE

• $3.7m Aldi Supermarket complex

• $60m Centro shopping centre development by Woolworths

• $17m College at UNE

• $6m Ambulatory and chemotherapy facility

• Completion of new nursing home and retirement village accommodation

• $6m Bunnings Warehouse

• $50m redevelopment of the Armidale (K-Mart) Plaza

• $12m police station and courthouse

Among a raft of developments currently in progress:

• Armidale Airport $10.5 million Expansion: https://goo.gl/gqAqE5

• Armidale $65 Million Super School: https://goo.gl/4aHqoQ

• Armidale $60 Million Hospital Redevelopment: https://goo.gl/yLJNF3

• Armidale Airport Industrial Park Development https://goo.gl/TULAAe

This property is proudly listed by:

First National Real Estate Armidale 208 Beardy Street
Armidale NSW 2350

Susan Moore

Agent Details
Susan Moore
0447 321 277

Enlarge Map

Open for Inspection
By Appointment

Additional information

Property Type Apartment,Unit
Property ID 14811110406
Street Address 7,8,9 & 10 of 287 Beardy Street
Suburb Armidale
Postcode 2350
Price $165,000 EACH