135 Beardy StreetArmidale NSW 2350
Property Details for 135 Beardy St, Armidale
Last Listing description (December 2018)
Investment Portfolio Auction 124
11am AEDT Tuesday 23 October 2018, Sydney
New 5 year lease to 2024 + options to 2034
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
Property History for 135 Beardy St, Armidale, NSW 2350
- 16 Apr 2024Sold for $2,800,000
- 22 Oct 2018Sold for $2,275,000
- 21 Sep 2018Listed for Sale Auction 23/10/18
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0About Armidale 2350
The size of Armidale is approximately 268.8 square kilometres. It has 41 parks covering nearly 2.3% of total area. The population of Armidale in 2011 was 22,467 people. By 2016 the population was 23,355 showing a population growth of 4.0% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation. In 2011, 59.9% of the homes in Armidale were owner-occupied compared with 57.7% in 2016.
Armidale has 13,573 properties. Over the last 5 years, Houses in Armidale have seen a 53.81% increase in median value, while Units have seen a 47.51% increase. As at 31 October 2024:
- The median value for Houses in Armidale is $469,038 while the median value for Units is $314,827.
- Houses have a median rent of $450 while Units have a median rent of $330.
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