A modern, single storey office building on the dge of Armidales CBD. the building is 500 sqm with a large land area of 2,034 sqm, which includes 28 parking spaces.

The property has the following attrributes: -

Renewed lease to 2028 plus options to 2033
NSW Government lease
Tenant in occupation since 2020
Growing population underpinned by strong economic fundamentals
Armidale region Gross Regional Product of $2.8 billion
Major hub for healthcare, education, agriculture and industry
500 sqm building area (approx.)
Substantial 2,036 sqm land area
28 secure parking spaces
Valuable depreciation, property built in 2009
Annual 2.50% rent increases
Easily managed premium tenant investment
Net Income: $156,925 pa + GST (Est)

For sale $2,350,000 (6.68%)