Under Contract | Block of Units | 1-3/11 Queen Elizabeth Drive, Armidale NSW 2350 | $495,000


  • 6 Bed
  • 3 Bath
  • 3 Car
  • 968 sqm (approx) Land Area

This well maintained triplex has an outstanding rental history and been a strong part of the current owner’s passive income stream. At the current asking price these units represent terrific value for the investor wanting a property close to amenities including the University of New England.


• 3 x 2 bedroom, 1 bathroom single-storey solid brick and tile units

• Built-in robes in all bedrooms

• Each unit has its own off-street under-cover parking space

• Each unit has its own laundry and clothesline

• Two units partially furnished

• Unit 1 has been recently capitally improved, with renovated bathroom and kitchen

• Units are on one title

• The property is on an approx. 970m2 level block and has easily maintained grounds

Investment and Development Potential

• The units are fully tenanted and in lease are currently returning $34,580 per annum in rent

• This represents a gross return on investment of 6.99% on the listed price

• Directly across the road from the University and Town bus route

Proximity to Education Facilities (approx.)

• 170m to TG’s Childcare Centre

• 550m to Hobbit Childcare Centre

• 1.1km from the University of New England college precinct

• 3km from the University of New England sporting facilities

• 3km from the University of New England

Proximity to Shopping, Dining and Entertainment (approx.)

• 6m from Caltex Petrol and convenience store

• 10m from Harvey Norman Shopping complex

• 25m from Lan Ting Japanese restaurant

• 40m to Westside Coffee café and hairdresser

• 2.4km from the Armidale Golf Club

• 3.6km to the Armidale Tennis Club

Proximity to Health Facilities (approx.)

• 1.2 kms from the nearest public and private hospital

This property is proudly listed by:

First National Real Estate Armidale 208 Beardy Street
Armidale NSW 2350

Enlarge Map

Open for Inspection
By Appointment

Additional information

Property Type Block of Units
Property ID 14811110401
Street Address 1-3/11 Queen Elizabeth Drive
Suburb Armidale
Postcode 2350
Price $495,000
Land Area 968 sqm (approx)