Tamworth, New South Wales
2568MI - Blue Chip Investment!
SOLD
Business Description
Bidding at Auction Reached $7 million. Offers Invited!
- Central CBD Location
- Iconic, Heritage Listed, Art Deco Building
- Strong and diverse Commercial base of Tamworth City
- Three separate tenancies
- 29 unit Boutique Hotel as the major tenant
- Building was fully reconstructed in 2014.
- Exceptional presentation with instant appeal
- Stagnant Long Term Interest Rates
- Once in a life-time Investment opportunity
- Current Rent in excess of $500k
- Contact us now for further details.
Current Rent: $502,926 plus GST
Tamworth is a dynamic, modern and progressive city and a major regional service centre with an easy-going lifestyle and a strong economy. Manufacturing, health and community services, education, logistics, wholesale trades, food processing and tourism and hospitality provide a solid economic base for the city. Retail is the biggest employer, and there's a strong base in property and financial service sectors, aviation and construction. Agriculture generates significant economic activity, and so does the Australian Equine and Livestock Events Centre.
Tamworth is a vibrant, easy going place, a top Evocity where the lifestyle means work isn't such a hard stretch and there's plenty of time after work to play sport, play with the kids or just take it easy. Salary rates in regional cities like Tamworth are comparable to Sydney salaries, if not better for many career sectors - but the biggest bonus is in the work/life balance. You get to enjoy it more as a result of lower housing costs, less time travelling to and from work and improved cost of living. There are a lot of reasons why the Tamworth region is attracting people and businesses. People are attracted to the lifestyle, the healthy environment, a vibrant retail sector, excellent sporting facilities and many employment opportunities.
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2568MI (quote when enquiring)
Property Code: 3083
Business Summary
Key Investment Insights
1. Prime location in the central business district of Tamworth, a vibrant and progressive city with a strong economy.
2. Iconic, heritage-listed, and art deco building with exceptional presentation and instant appeal.
3. Diverse and strong commercial base with three separate tenancies, providing stability and potential for growth.
4. Major tenant is a 29-unit boutique hotel, showcasing the building's potential as a successful hospitality business.
5. Building was fully reconstructed in 2014, ensuring modern amenities and facilities for tenants and customers.
6. Stagnant long-term interest rates make this investment opportunity even more attractive.
7. Current rent in excess of $500,000, providing a strong return on investment.
8. Once in a lifetime investment opportunity with potential for further growth and development.
9. Tamworth's lower housing costs, improved cost of living, and work-life balance make it an attractive location for businesses and individuals.
10. Contact David Head from Tourism Brokers for further information or to arrange an inspection.
