1-3/11 Queen Elizabeth Drive, Armidale NSW 2350

This well maintained triplex has an outstanding rental history and been a strong part of the current owners passive income stream. At the current asking price these units represent terrific value for the investor wanting a property close to amenities including the University of New England.
Features

3 x 2 bedroom, 1 bathroom single-storey solid brick and tile units
Built-in robes in all bedrooms
Each unit has its own off-street under-cover parking space
Each unit has its own laundry and clothesline
Two units partially furnished
Unit 1 has been recently capitally improved, with renovated bathroom and kitchen
Units are on one title
The property is on an approx. 970m2 level block and has easily maintained grounds

Investment and Development Potential

The units are fully tenanted and in lease are currently returning $34,580 per annum in rent
This represents a gross return on investment of 6.99% on the listed price
Directly across the road from the University and Town bus route

Proximity to Education Facilities (approx.)

170m to TGs Childcare Centre
550m to Hobbit Childcare Centre
1.1km from the University of New England college precinct
3km from the University of New England sporting facilities
3km from the University of New England

Proximity to Shopping, Dining and Entertainment (approx.)

6m from Caltex Petrol and convenience store
10m from Harvey Norman Shopping complex
25m from Lan Ting Japanese restaurant
40m to Westside Coffee caf and hairdresser
2.4km from the Armidale Golf Club
3.6km to the Armidale Tennis Club

Proximity to Health Facilities (approx.)
1.2 kms from the nearest public and private hospital