93 Faulkner Street is a two-level commercial office building, with the ground level offering a mix of retail and office space, the first floor is predominately office space.
The property is prominently positioned opposite the intersection of Faulkner and Moore streets, diagonally opposite the Armidale police station and only half a block from the post office.
This multi tenanted asset provides a diverse income stream from long established occupants including a beauty salon, consulting engineers, other professional businesses.
The property projects a potential gross income of $130,000.00 pa (based on 100% occupancy at reviewed rents) providing a unique opportunity for owner occupiers or an astute investor to reposition the asset for future capital gains.
Property Highlights:
Centrally located
Building area approximately 1,100m2 (combined both levels)
17 individual suites
Mixed tenancies
Room for higher returns
Opportunity for owner occupiers to secure their corporate headquarters, or investors to re-let or reposition at market reversions /or a combination of both.
