242 Beardy Street, Armidale, NSW 2350
- 6
- 6
- 6
For Sale
$1,800,000
Armidale Ace Apartments
Rarely does an opportunity of this magnitude present itself to the market and Raine and Horne Armidale are thrilled to present 242 Beardy Street, Armidale.
There are 6 self-contained attached units, each with one bedroom, one bathroom, individual parking, and a shared laundry. Each unit is open-plan style and currently attracts a rental income varying from $275 to $300 per week.
With an unchallenged location, this property is situated within the Central Business District directly adjacent to the Centro Shopping Centre and within walking distance to the TAFE, Schools, and all amenities ensuring a high occupation based on location alone. Additionally, Armidale is a hub for schooling with Private and Public options from Kindergarten to the University of New England creating an ideal demand for this type of rental premises.
Alternatively, with E2 zoning further development opportunities STCA exist, there could be no other choice for investors and developers wishing to add to their portfolios!
To Inspect and Explore call Nellie Hayes on 0458 326 464.
Strata is 12 months is $2248.36 per unit
Nellie Hayes
Director/Sales
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L32543290
- Property Type:House
- Carports:6
- Land Area:1020 sqm
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Mortgage Broker
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We Know Your Area
R&H Suburb Profile: Armidale| R&H Suburb Summary | Houses |
|---|---|
| Number of sales | 480 |
| Average Price | $585,855 |
| Median Price | $525,000 |
| Median Rental Price | $450 p.w. |
| Change in Rental Rate (5yr) | 29 % |
| R&H Suburb Summary | Units |
|---|---|
| Number of sales | 78 |
| Average Price | $332,289 |
| Median Price | $335,000 |
| Median Rental Price | $325 p.w. |
| Change in Rental Rate (5yr) | 26 % |
Median Trend - $525,000
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