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Amazing Investment Opportunity with Subdivision Potential
Situated on a substantial 4,373m2 block between Armidale CBD and the University of New England this unique offering of two separate homes with combined rent of $830.00 per week. This presents an effortless opportunity for investors or multi-generational families looking for a dual residence on one large block. The main residence has been extremely well renovated with quality right through out. Take the future rent potential into consideration, plus with room to add multiply dwellings subject to council approvals on the remaining vacant land. The back studio has also been renovated and has an excellent tenant in place.
The front house offers:
Three bedrooms plus the master has a newly renovated ensuite
Modern galley style kitchen with new appliances
New paint throughout
Polished timber floors
Separate fenced yard
Currently leased at $450.00 per week with excellent tenants
Separate studio:
Has three bedrooms or has multiple bedroom or living area arrangements
Newly renovated kitchen with northern aspect
Modern bathroom
New painted and new flooring through out
The studio is leased at $380.00 per week with great tenants
Located at the at the back of the site is a large 20x16m shed for equipment storage or additional parking is on-site plus there is ample potential for further development. This is a terrific choice for a family looking to spread out or for a savvy investor seeking a strong yield. Offering convenient access to UNE, childcare and the Girraween Shopping Centre, this is a unique property opportunity. Contact Jeremy Creagan on 0401 508 801 to arrange an inspection today. *All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*