Leasehold Sale - Price on ApplicationTamworth Regional Playground, Bicentennial Park, Kable Avenue & Hill Street
Tamworth Regional Playground, Bicentennial Park, Kable Avenue & Hill Street Tamworth NSW 2340
Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Rare Leasehold Sale - Strong Regional Investment
The opportunity to purchase the Master Lease for the well known and popular Kable Avenue establishment 'Hopscotch Restaurant & Bar', located in the heart of Tamworth, NSW.
The property is surrounded by a variety of national retailers situated in a very central position. Located within a 2min walk of the new and upcoming University of New England site located next door along the river.
Tamworth is currently in growth mode which is planned to continue over the next 3 decades.
Tamworth is a Regional City well located inland between Sydney and Brisbane. Government base for a number of institutions and also the Agricultural Capital for the area in addition to two local Abattoirs, multi-million dollar Australian Equine & Livestock Centre, the new intermodal freight hub and a bustling Industrial marketplace.
Tamworth has an Internationally recognised tourist market, being Australia's Country Music Capital, which attracts a year-round tourist trade namely the Annual Country Music Festival and Awards held over 10 days in January where the town swells to double its size!
Hopscotch Restaurant & Bar is the perfect meeting place for friends and family to enjoy fantastic food and drinks in the relaxed and beautiful surrounds of Bicentennial Park, between the Peel River and Tamworth's CBD.
In the evening the trees are illuminated and the water fountains are lit with colour. Hopscotch is known for its fantastic functions such as dinners, lunches, breakfasts, wedding receptions, Christmas parties and corporate events.
The Master Lease running to 2050, strong tenant in place with current passing rent of $92,720.29pa, fixed 2.5% annual increases. Lease ending in 2030, bolstered by a further 2 x 10 year options.
This is a very smart investment for investors with an appetite for a strong long term return, with low overheads and quality tenant.
Property will be sold via Private Treaty, By Negotiation.
See MoreProperty Details for Tamworth Regional Playground, Bicentennial Park, Kable Avenue & Hill Street, Tamworth, NSW 2340
Building Type
Commercial
Floor Size
1m2
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About Tamworth 2340
The size of Tamworth is approximately 1.2 square kilometres. It has 5 parks covering nearly 21.6% of total area. The population of Tamworth in 2011 was 239 people. By 2016 the population was 178 showing a population decline of 25.5% in the area during that time. The predominant age group in Tamworth is 20-29 years. Households in Tamworth are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Tamworth work in a labourer occupation. In 2011, 30% of the homes in Tamworth were owner-occupied compared with 27.4% in 2016.
Tamworth has 1,630 properties. Over the last 5 years, Houses in Tamworth have seen a 82.95% increase in median value, while Units have seen a 66.63% increase. As at 30 November 2024:
- The median value for Houses in Tamworth is $450,152 while the median value for Units is $333,517.
- Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 80 properties listed for sale, and 17 properties listed for rent in Tamworth on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Tamworth.
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