9/337 Armidale RoadEast Tamworth NSW 2340
Property Details for 9/337 Armidale Rd, East Tamworth
9/337 Armidale Rd, East Tamworth is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 6658m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Last Listing description (December 2018)
Excellent yielding, stree-free, investment property.
Apartment hotels, suitable for both short term and extended stays, are now an integral part of the Australian accommodation scene. The serviced apartments industry continues to grow steadily, offering great opportunity.
* Long lease and guaranteed rent.
* Highlights at this property include an outdoor swimming pool, in room kitchen and washer/dryer. A brand new Breakfast room, where guest can enjoy a continental breakfast.
* Long lease of 5 years and an option of another 4 x 5 year term.
* Annual increases at 4% with market review every five years and options out to 2027. Well worth consideration.
Rent Increases: 4% yearly with market rent reviews every 5 years (next market review Oct 2018)
* Guaranteed current rent return of approx. $17,784 per year (approx $342 per week).
* The apartment is well appointed and spacious with 2 double bedrooms both with built ins, 2 bathrooms, recently refurbished kitchen with dishwasher and lots of cupboards, dining and lounge room with doors leading out onto a balcony. New carpet and kitchen flooring, freshly painted and upgraded furnishings. Flat screen TV with cable channels are featured in your apartment with free Wifi, free wired internet and DVD player. In room dining is easy with a kitchen that comes equipped with refrigerator, microwave and stove top.
* Easy 'hassle free' investment property that is looked after for you and if your apartment is ever vacant for any period of time, your rent is still paid.
Great investment opportunity with very little outlay, enquire today!
Property History for 9/337 Armidale Rd, East Tamworth, NSW 2340
- 08 Nov 2018Sold for $220,000
- 04 May 2018Listed for Sale Under Contract
- 07 Nov 2014Sold for $177,500
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0About East Tamworth 2340
The size of East Tamworth is approximately 15.6 square kilometres. It has 19 parks covering nearly 4.2% of total area. The population of East Tamworth in 2011 was 5,212 people. By 2016 the population was 5,337 showing a population growth of 2.4% in the area during that time. The predominant age group in East Tamworth is 40-49 years. Households in East Tamworth are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in East Tamworth work in a professional occupation. In 2011, 66.3% of the homes in East Tamworth were owner-occupied compared with 63.4% in 2016.
East Tamworth has 2,913 properties.
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