Investment Portfolio Auction 124
11am AEDT Tuesday 23 October 2018, Sydney
New 5 year lease to 2024 + options to 2034
Long 60+ year history, employing over 130 staff across 4 locations
High quality commercial investment in thriving Armidale CBD
Located in the main professional, medical and Government strip
Armidale, historic capital of the wealthy New England High Country
Significant Armidale Regional Council population of 30,311 residents
Adjoins Westpac near Coles Shopping Centre, Post Office & Council car park
Substantial 569 sqm CBD site boasting front, side and rear access
Impressive 896.5 sqm building + basement parking for 7 cars
Exceptional fit-out included, generous depreciation available
Guaranteed rental growth, fixed 4% annual increases ($237,246 pa in 2023)
Net lease, tenant pays outgoings, as per the lease incl. management fees
Brilliant ‘set & forget’ investment
Net Income: $195,000 pa + GST
