210-212 Beardy Street, Armidale is a prime commercial location accommodating for popular businesses including Toy World, Norma Js and First Impressions with the capacity to gross $170,000+plus per annum. These well recognised businesses have each held long term tenancies within the building for up to fifteen years.
210-212 Beardy Street has huge opportunities attached to it to carry on existing lettings or to redevelop in the future to an arcade leading from the car park to the main street that it fronts. The building is located in the heart of the CBD and with the shop fronts facing onto the main street there is a huge amount of pedestrian & traffic exposure.
Armidale is extremely well known for its amazing commercial, industrial and residential growth due to its education both secondary and tertiary, the mines, national software companies, the Bunnings DA approval and its ample water supply to name a few. There are both national and international companies with Armidale on their radar, allowing a steady growth over the next few years. The commercial real estate market is growing, with average retail rents ranging between $150m2 at low end, to $650 at high end, and commercial sale properties are showing positive yields.