The Project
This is a full-turnkey dual occupancy property offering a rental yield up to 7.07% and priced below $700,000.
- Price $698,715
- 3+3 Bedrooms
- Rental estimate $900 - 950 a week
- Land 954m2
- Land registration is expected February 2025
- Suburb vacancy rate is currently sitting at 2.0%
Situated in Cooks Hill Armidale
Click here to learn more about this and other properties that might be suitable for you.
Economy
Armidale is the major educational, commercial, retail, and cultural centre for a greater regional population of close to 80,000 people.
Armidale’s proximity and accessibility to a range of industry and resources has inspired the emergence of a manufacturing base and a growing transport, warehousing and storage sector.
The region has one of the strongest economies in regional New South Wales, well-known as a research and education hub and is one of its top agricultural producing regions, providing one-quarter of the State’s agricultural output.
It has has an emerging manufacturing sector based on ‘high-value’ animal health and agricultural activities and a growing transport, warehousing and storage sector in response to the growing importance of ‘accessibility’ to a range of industries.
It has one of the fastest growing populations in regional NSW and is predicted to grow at more than one percent per annum over the next twenty years – the highest compared to other reputable cities in the North West region.
Around 2937 local businesses in the Armidale region contribute to a gross regional product valued at $1.54 billion (2019) and tourism continues to play an important role as an economic driver, with the New England North West accounting for 1.5 million domestic overnight stays, contributing $532 million to the local economy.
Recent and current projects - Armidale Region:
- Water Security for Guyra - Malpas Dam Pipeline - $12.37m
- Saumarez Homestead Development ($2.7m)
- Costa Tomatoes Glasshouse expansion ($65m+). One of Australia’s and the Southern Hemisphere’s largest and most advanced glasshouse facilities producing 14 million kilograms of tomatoes per year.
- Armidale Regional Airport terminal upgrade and expansion ($9m+)
- Airport apron expansion and upgrade ($3m+)
- New Aged Care Facility, (Kolora) Guyra ($7m+)
- Armidale is fully fibred to the premises – the only city to have FIBRE to the PREMISE
- Development of Armidale Hospital ($60m+)
- Tablelands Clinical Education Centre ($10m+) a teaching facility providing closer ties between the medical profession and future health professionals
- New College at the University of New England ($20m)
- TAFE Digital Headquarters ( $6m)
- UNE Kirby Farm – SMART Farm Innovation Centre ($2m)
- Australian Pesticides & Veterinary Medicines Authority (APVMA) moves to Armidale
- New state of the art 1500 student Future School ($65m)
Armidale Airside Business Park
Armidale Airside Business Park is a newly established subdivision located on the New England Highway, developed to meet growing demand.
Strategically positioned to be well connected to quality transport infrastructure, the precinct offers easy access to air, rail and road transport links. It provides cost-effective pathways and logistics for businesses to access domestic and international markets.
The premium airside fully serviced and NBN ready lots offer flexible sizes, B-Double access and are competitively priced. It’s very attractive commercial property, zoned light industrial (IN2), enticing new industry to the region.
Stage 2 of the development encompasses 35 uniquely located airside lots with access approaches to an aircraft taxiway that will cater for aviation related businesses. A new airport runway has been earmarked to cater for larger passenger and freight aircraft numbers and provide enhanced access to national and international markets.
Airport
Armidale Regional Airport is situated just 7km from the city centre and has over 240,000 visitors per year. Almost 100 direct flights connect Armidale and Sydney each week, and 12 between Armidale and Brisbane.
Future airport runway upgrades have been earmarked to cater for larger passenger and freight aircraft which will provide enhanced access to domestic and global markets.
Technology and Innovation
Armidale’s reputation in digital leadership has grown considerably in recent years with the launch of a flourishing new UNE Smart Region Incubator and the opening of TAFE NSW Digital headquarters, which delivers state-of-the-art online learning experiences.
Armidale was the first mainland region in Australia to be switched to the NBN network, connecting over 12,000 homes and businesses to Fibre to the Premises.
Superior NBN infrastructure means national and international businesses can experience lower overheads and staff can take advantage of the change in lifestyle and better work-life balance because the tyranny of distance has disappeared with the introduction of super-fast broadband.
Education
Armidale’s excellence in education, from pre-school to PhD, is well recognised.
It is home to the University of New England, which has a well-earned reputation as one of Australia’s great teaching, training and research universities.
Three private boarding schools including New England Girls School (NEGS), Presbyterian Ladies College, (PLC) and The Armidale School (TAS), complimented by O’Connor Catholic College and the Armidale Secondary College (ASC) which recently underwent a $65 million upgrade, the largest State funded investment in public school refurbishment in recent history, further cement Armidale’s reputation as one of Australia’s leading regional education centres.
Armidale is also home to TAFE New England – the new headquarters for TAFE NSW Digital.
Health
Armidale offers some of Australia’s leading health services. The region benefits from access to five major medical facilities, including the Armidale Rural Referral Hospital which recently saw a $60 million redevelopment.
The modern facilities provide for all types of medical services including surgery, obstetrics, oncology, paediatrics, geriatrics and accident and emergency as well as outpatient clinics.
Ancillary services include radiology, pathology, occupational therapy and speech therapy, social work, physiotherapy and pharmacy.
Click here to learn more about this and other properties that might be suitable for you.
