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113 - 115 Faulkner Street Armidale, NSW 2350

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113 - 115 Faulkner Street,
Armidale, NSW 2350

Offices • Shops & Retail

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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

Property ID: 501550719Last Updated: 20 Sep 2017

0415 711 6...
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113 - 115 Faulkner Street
Armidale, NSW 2350
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000

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