This prime investment occupies a high profile position in the retail heart of Armidale's thriving CBD.
Armidale is a major regional centre and the administrative capital of the Northern Tablelands with a population of some 30,000.
The city is a major educational centre featuring a number of private colleges and is home to the University of New England.
Situated on the busy corner of Marsh Street and Beardy Street pedestrian mall, the property enjoys a high level of passing pedestrian and vehicular traffic.
The ground floor comprises two tenants and one vacancy, plus a first floor storage area, detailed as follows:
Shop 1 - Babas Kebab, 160m2, $33,818 excl. GST annual rental
Shop 2 - Pure Hype Fashion, 170m2, $32,727 excl. GST annual rental
Shop 3 - Vacant Posession, 210m2, say $12,000 excl. GST annual rental
1st Floor - Vacant Possession, 100m2, say $3,900 excl. GST annual rental
Gross Annual Rental (fully leased) $82,445 plus GST
The site enjoys a frontage to Beardy Street Mall of some 21 metres, frontage to busy Marsh Street of some 30 metres, accommodating an approximate total site area of 632m2.
The property is zoned Commercial Core under Armidale LEP.
This attractive investment opportunity enjoys the following features:
- Prime retail position
- Good tenancy mix
- Busy pedestrian and vehicular traffic flows
- Major regional centre
- Major growth centre
The property is for sale by private treaty with an asking price of $1,250,000.
For all further details contact Exclusive Marketing Agents LJ Hooker Commercial today:
Troy Mitchell 0417 695 915 email@example.com
Deb Grimley 0434 301 550 firstname.lastname@example.org
LJ Hooker Commercial Coffs Harbour office (02) 6651 6711 email@example.com
The leading specialist commercial agency servicing The Coffs Coast.