3 x 2 bedroom brick apartments with 3 under cover car-parks, large level 1452m2 block. Scope to capitally improve, and thereby the rental income. 5.8% gross return with gross rent $40,560 from stable tenancies. A rare find in this location indeed context First National Armidale today!
* Brick 3 x 2 bedroom apartments
* Huge Approx. 1452m2 level and central block
* Electric kitchen and hot water
* Approx 450 to Armidale City Public Primary School
* Approx. 1.1km to the Armidale hospital precinct
* Approx 1.4 km to Armidale CBD
Unit 1 tenant pays $250 p/w in periodic lease
Unit 2 tenant pays $250 p/w in periodic lease
Unit 3 tenant pays $280 p/w in a new fixed 12 month lease- other units rental return could also be around this figure.
