For Sale | Block of Units | 1-4/4 Oliver Avenue, Armidale NSW 2350 | $820,000

OUTSTANDING INVESTMENT OPPORTUNITY IN PRIME CENTRAL LOCATION

  • 10 Bed
  • 4 Bath
  • 4 Car
  • 1,351 sqm (approx) Land Area

Features

• 2 x 3 bedroom, 1 bathroom single-storey units

• 2 x 2 bedroom, 1 bathroom single-storey units

• Built-in robes in all bedrooms

• Each unit has its own off-street parking space

• Each unit has its own laundry and clothesline

• Units are strata titled

• The property is on an approx. 1,347 sqm level block and has easily maintained grounds

Investment and Development Potential

• The units are fully tenanted and are currently achieving $52,000 per annum in rent

• This represents a gross return on investment of 6.34% on the listed price

• Two of four units have scope to update the units and increase their return

• The two x three bedroom units have been tastefully updated

Proximity to Education Facilities (approx.)

• 750 metres from O’Connor Catholic College

• 700 metres from The Armidale School

• 2.8 kms from Armidale High School

• 1.3 kms from Newling Public School

• 1.6 kms from Armidale City Public School

• 1.2 kms from St. Mary’s Catholic Primary School

• 5.5 kms from the University of New England

• 290 metres from Littlebear Childcare facility

Proximity to Shopping Facilities (approx.)

• 400 metres from the nearest corner store

• 850 Metres from Aldi Supermarket

• 650 metres from the Armidale Food Emporium (Coles Supermarket Complex)

• 500 from the Armidale CBD (a level walk into town)

Proximity to Dining and Entertainment (approx.)

• 350 metres from the nearest hotel/restaurant

• 650 metres from MacDonald Park

• 250 metres from DJ’s Café and Provedore

Proximity to Health Facilities (approx.)

• 2.2 kms from the nearest public and private hospitals

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 14811110378
Street Address 1-4/4 Oliver Avenue
Suburb Armidale
Postcode 2350
Price $820,000
Land Area 1,351 sqm (approx)