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188-192 Beardy Street, ARMIDALE, NSW, 2350

+6 Photos

+8 Photos

SOLD

188-192 Beardy Street, ARMIDALE, NSW, 2350

Properties / Sold / New South Wales / Armidale

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

1,228 m² (*approx)

Floor Area

1444 m² (*approx)

Property Type

Retail, Offices, Child/Healthcare

Sub-type

Office Suites, Mixed Use, Consulting Rooms

Terms

Predominantly 3 to 5 year leases plus options over the shops

Est. Income

$275,187 p/a

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2. Property Highlights

National Anchored Brands | 8.5%-9% Yield Anticipated

10 Shops & First Floor Serviced Office
Predominantly 3 to 5 year leases
Epicentre of Busy CBD Mall

Burgess Rawson and Professionals Armidale are pleased to offer to market this thriving retail & office investment at 188-192 Beardy Street, Armidale NSW for sale via private treaty.

The property has the following investment highlights:

+ 10 shops and first floor serviced office immaculately fitted-out on new 3 year lease

+ Predominantly 3 to 5 year leases plus options over the shops

+ Diverse lease terms reducing vacancy risk

+ Long occupancy history with local and national occupants, including Hello World Travel (250+ locations) and Aruma (55+ locations)

+ Epicentre of busy CBD pedestrian mall, receiving large volumes of foot traffic

+ Prime CBD location surrounded by supporting national brands

+ Armidale: one of NSW’s strongest regional economies with a growing population of nearly 30,000 people

+ Net Income: $274,588 pa* + GST (fully leased)

To be sold by Private Treaty.

Indicative Price: $3,000,000 (Circa 9.1% Yield)

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx

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