Price guide of $1M to $1.1M delivering a gross rental return of 6.8% to 7.5% on a fully let basis.
This fantastic investment property is located in one of Armidale’s best streets and is only a short walk from town. Showing a strong and ongoing gross rental returns, the property will surely please private investors and small super funds alike. Comprising 4 individual tenancies, including 1 commercial shop, the development has an excellent spread of income streams. There is an opportunity for further capital growth through the registration of an approved strata sub-division.
Strong returns and capital growth, what an absolute winner!