79 Canambe Street, Armidale NSW 2350

This is an excellent opportunity to secure a brilliant bricks and mortar investment with no Body Corp. or admin fees.


FEATURES
4 x 2 bedroom, 1 bathroom single storey units
Built-in robes in all bedrooms
Each unit has its own laundry and covered carport
The complex has off-street visitor parking
All four units are offered for sale by one owner and is not strata titled
The property is on an approx. 1377 sqm level block with easily managed grounds


INVESTMENT POTENTIAL:
Units 1, 3 & 4 are currently tenanted with the remaining unit having only recently been vacated
Rental returns:
Unit 1 is returning $195 per week
Unit 2 was recently returning $190 per week
Unit 3 is returning $195 per week
Unit 4 is returning $190 per week
With full occupancy based on the above rental returns, the property has the potential to provide a gross return of 6.47%
There is scope to update the units and increase the returns


PROXIMITY TO EDUCATION FACILITIES
650 metres from Newling Primary School
1.0 kms from OConnor High School
3.6 kms from Armidale High School
4.3 Kms from Duval High School
6.0 kms from the University of New England


PROXIMITY TO SHOPPING
700 metres from the nearest corner store
200 metres from the Bunnings warehouse
3.5 kms from the Armidale CBD (a level walk into town)


PROXIMITY TO DINING AND ENTERTAINMENT
1.4 kms from the nearest hotel/restaurant
600 m from the Armidale Jockey Club
744 metres to the nearest park/playground


PROXIMITY TO HEALTH FACILITIES
2.6 km from the nearest public and private hospitals


INVESTING IN ARMIDALE

Armidale is a thriving city with a strong and diverse economy. It has key strengths in education, health, agriculture, retail and professional services. As a regional service centre its wide range of goods and services are accessed by in excess of 71,000 people spread throughout the entire New England and Northern Tablelands area.

We will see a steep increase in the demand for Armidale rental properties from early 2018 due in part to the arrival and ongoing placement of 200 plus Syrian refugee families over the next 5 years. We have already met with and showed through representatives from Settlement Services International (SSI) with a view to securing properties now for the first influx in February, 2018. Couple this with the already tightening local market, it certainly points to an exceptionally strong position for investors.


In recent years the city has enjoyed an unprecedented level of infrastructure spending. Recent developments include:
$18m Education and Training facility at UNE
$3.7m Aldi Supermarket complex
$60m Centro shopping centre development by Woolworths
$17m College at UNE
$6m Ambulatory and chemotherapy facility
Completion of new nursing home and retirement village accommodation
$6m Bunnings Warehouse
$50m redevelopment of the Armidale (K-Mart) Plaza
$12m police station and courthouse


Among a raft of developments currently in progress:
Armidale Airport $10.5 million Expansion: https://goo.gl/gqAqE5
Armidale $65 Million Super School: https://goo.gl/4aHqoQ
Armidale $60 Million Hospital Redevelopment: https://goo.gl/yLJNF3
Armidale Airport Industrial Park Development https://goo.gl/TULAAe