15/337 Armidale Road, Tamworth NSW 2340

INVESTORS!! 4% RENTAL INCREASES UNTIL 2027.

Currently receiving a secure $401 per week with increases to rent until 2027.

No management or letting fees, with minimal outgoings!

Lease Details:
Current Rent: $401 per week -$20,879 pa
Current Return: 7.05% Gross - 6.02%- Net

Scheduled Rent Increases As Follows:
Sept 2023 + 4% = $417 pw - 7.33% gross
Sept 2024 + 4% = $433 pw - 7.62% gross
Sept 2025 + 4% = $451 pw - 7.93% gross
Sept 2026 + 4% = $469 pw - 8.25% gross
Sept 2027 - Market Review.

Lease Terms: Lease to 30/09/ 2027 with 6 x 5 yr options
Rent Reviews and Increases:
4% yearly- with market rent reviews every 5 years (next due September 2027)

Recently undergone full refurbishments of both bathroom and ensuite in 2019, this spacious two bedroom apartment, situated on ground level, consists of open plan dining and lounge, and fully equipped kitchen.

Timber floating flooring to kitchen has also been updated and with outdoor entertainers terrace and a total floor area of 97m2 including car park on title, its a neat investment in a booming regional location.

**** PLEASE NOTE THIS PROPERTY WILL BE DUE FOR KITCHEN CABINETRY UPGRADES THIS TERM:
ESTIMATED QUOTATION RECEIVED AT $14,000 INCLUDING:

Remove and install all new cabinetry
Remove and Install new counter top benches
New sink and tapware.
Electrical and plumbing to disconnect and reconnect cooking appliances
Plaster and painting patchwork if required

Tamworth Regional Council is one of the largest municipals in inland NSW, with a population of over 58,000 and a prosperous economy based on building, retail, industry, hospitality and agriculture.

Tamworth is best known as Australia’s Country Music Capital, hosting the award-winning annual Music Festival which sees the regions population double and is the largest music festival in the southern hemisphere and one of the top 10 in the world.

Tamworth boasts a busy year round calendar of events and festivals, locally grown food and wine, country experiences, outdoor recreation and vibrant heritage, museums and arts.
A solid investment apartment in a region that attracts residents, investors, workers and visitors alike.

Approximate Owner Outgoings:
Council Rates : $1620 per annum (includes Water)
Water Rates: Included in Council
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1423 per annum

Please note these outgoings are subject to change by the relevant authorities.


Should you require any further information please don't hesitate to contact me via return email or the contact numbers below.

Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.