It is a 5 bedroom, 2 1/2 bathroom, brick-building with built-in wardrobes and an over sized double lock-up garage with internal access. Land size is 783 square metres. It is on offer fully-furnished with 2 large fridges, 2 large washing machines, 2 large dryers, 500 litre deep-freeze, large leather couches, 9 piece hardwood kitchen setting and assorted other furnishings including bookshelves, beds, computer tables and large LCD television. The house has ample storage space. Every room has been re-wired to include a phone port, TV port and hard-line Ethernet connection. NBN has been connected to the house and is available should you wish it. The house is currently set-up for operation as a boarding house with returns of $150/fully-furnished room a week, for a total of $750/week. Armidale is a captive rental market with a constant influx of new University students seeking rental accommodation and a large community of young professionals, creating a demand for rental accommodation all year round. The income from rentals equates to an 8% gross return on investment, not including capital gains on the property itself. The house has been outfitted to serve the needs of 5 to 6 live-in adults, or a large family as needed. The house has a current Building Certificate from council stating that no unauthorised modifications or alterations have been undertaken without council approval. It is a quiet, well established area with no history of criminal damage or theft. The house is in close proximity to schools and regular public transport routes.
Should you have any further questions, or which to organise a viewing, please do not hesitate to ask.