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 $200 per week
Unit 8 is recently returning $200 per week
Unit 9 is returning $200 per week
Unit 10 is returning $210 per week
With full occupancy based on the above rental returns, the property has the potential to provide a gross return of 6.6%
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
