SOLD
Sold on 16 Apr 2024 for $2,800,000

135 Beardy Street
Armidale NSW 2350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 569m2
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Property Details for 135 Beardy St, Armidale

Building Type
Commercial
Land Size
569m2
Local Government
Armidale Regional
Lot/Plan
1/DP322378

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

Long 60+ year history, employing over 130 staff across 4 locations
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

A timeline of how this property has performed in the market
Last Sold
$2,800,000
16 Apr 2024
  • 16 Apr 2024
    Sold for $2,800,000
  • 22 Oct 2018
    Sold for $2,275,000
  • 21 Sep 2018
    Listed for Sale Auction 23/10/18

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About 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 13,624 properties. Over the last 5 years, Houses in Armidale have seen a 52.43% increase in median value, while Units have seen a 49.83% increase. As at 30 November 2024:

  • The median value for Houses in Armidale is $465,171 while the median value for Units is $301,175.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 93 properties listed for sale, and 18 properties listed for rent in Armidale on OnTheHouse. According to CoreLogic's data, 592 properties were sold in the past 12 months in Armidale.

Suburb Insights for Armidale 2350

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.