113 - 115 Faulkner Street,
Armidale, NSW 2350
Offices • Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Zoning
Tenure type
Sold on
Map of 113 - 115 Faulkner Street
SET & FORGET INVESTMENT OPPORTUNITY
CBRE are delighted to offer this rare regional CBD investment in Armidale.
Positioned in one of the most prominent sectors of Armidale, this iconic building offers investors a 'set and forget' opportunity. With long term trading and occupancy, Armidale Express have earned themselves a valuable reputation in Armidale.
The property benefits from the following attributes:
- Net Passing Income: $83,318* pa + GST
- Auction Reserve: $925,000 (9% yield)
- Secure lease to 2019 plus 3 x 5 year options until 2034
- Leased to subsidiary of Fairfax Media - 'Armidale Express'
- Net lettable area: 318* sqm
- Full building refurbishment in 2006
- Central location close to the Armidale Mall
- Two car spaces on title
The property will be sold by way of Public Auction on 17 June, 2015 at 10:30am (if not sold prior).
*approximate
Positioned in one of the most prominent sectors of Armidale, this iconic building offers investors a 'set and forget' opportunity. With long term trading and occupancy, Armidale Express have earned themselves a valuable reputation in Armidale.
The property benefits from the following attributes:
- Net Passing Income: $83,318* pa + GST
- Auction Reserve: $925,000 (9% yield)
- Secure lease to 2019 plus 3 x 5 year options until 2034
- Leased to subsidiary of Fairfax Media - 'Armidale Express'
- Net lettable area: 318* sqm
- Full building refurbishment in 2006
- Central location close to the Armidale Mall
- Two car spaces on title
The property will be sold by way of Public Auction on 17 June, 2015 at 10:30am (if not sold prior).
*approximate
Property ID: 501550719Last Updated: 20 Sep 2017
04157116...
113 - 115 Faulkner Street
Armidale, NSW 2350
CBRE - SydneyLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
119-121 Rusden Street,Armidale, NSW 2350 1363 m²Offices • Showrooms & Large Format Retail
Contact Agent
Shop 3 & 4/26-28 Moore Street,Armidale, NSW 2350 209 m²Offices • Shops & Retail • Medical & Consulting
