About the Property;
- Block of 13 two bedroom apartments, currently tenanted
- Includes five garage spaces
- Situated on a 1,641m2 parcel of land
- Potential to redevelop & redesign what is currently onsite
- Zoned R1
Outgoings;
- Water rates $8,361.00 total approx
- Council rates $13,226.00 total approx
- Electricity for the common area $625.00 pq approx
- Gross passing income $139,360.00
- Net Income $96,895.00
The Lifestyle;
Dubbed the Cathedral City, Armidale in the New England High Country is one of Australia's most elegant regional cities.
Armidale is situated half way between Sydney and Brisbane and only two hours from the coast, it enjoys a warm summer, tones of amber during the autumn, a crisp winter and an exhilarating spring. An attractive and graceful city of tree-lined streets where new world cosmopolitan and old world pastoralism coexist. It is the major centre of the Northern Tablelands with a population of over 25,000.
Armidale has long been known as an educational and cultural centre. It is home to the University of New England and several private boarding schools. The city and surrounds are graced with elegant cathedrals, churches and pastoral homesteads, historic monuments, heritage buildings and fascinating museums and galleries.
