23/337 Armidale Road, Tamworth
Sold for $ 200,000
Investors, Don't Miss This One! Apartment - Property ID: 880008
Excellent yielding investment property.
Apartment hotels, suitable for both short term and extended stays, are now an integral part of the Australian accommodation scene. The serviced apartments industry continues to grow steadily, offering great opportunity.
* Long lease and guaranteed rent.
* This serviced Quest apartment is in a complex of 45 and is in close proximity to the CBD of Tamworth city. Placing you steps from the Powerhouse Motorcycle Museum and within a 10 minute stroll of the Australian Country Music Hall of Fame.
* Highlights at this property include an outdoor swimming pool, in room kitchen and washer/dryer.
* Long lease of 5 years and an option of another 4 x 5 year term.
* Annual increases at 4% with market review every five years and options out to 2027. Well worth consideration.
* Guaranteed current rent return of $17,102.40 per year (approx $330 per week).
* The apartment is well appointed and spacious with 2 double bedrooms both with built ins, 2 bathrooms, recently refurbished kitchen with dishwasher and lots of cupboards, dining and lounge room with doors leading out onto a balcony. Flat screen TV with cable channels are featured in your apartment with free Wifi, free wired internet and DVD player. In room dining is easy with a kitchen that comes equipped with refrigerator, microwave and stove top.
* It is situated at the back of the complex on the upper level and includes a car park.
* Easy 'hassle free' investment property that is looked after for you and if your apartment is ever vacant for any period of time, your rent is still paid.
Great investment opportunity with very little outlay, enquire today!