Registered Boarding House Located In The Thriving University Town Of Armidale With A Proven Established Cash Flow

“The Lodge”

The Lodge is a registered boarding house located in the popular university town of Armidale with a proven established cash flow.

The property is located close to the University of New England. On offer is this popular 22 Room boarding house that accommodates clean and affordable rooms and amenities, features multiple living areas, communal kitchen, large laundry facilities and off-street parking if required. A short stroll to the University of New England and Town Centre.

A proven investment opportunity. Rooms are currently being let under occupation agreements with strong interest and occupancy rates from both students and local workers.

An ideal opportunity to secure a high yielding registered boarding house within walking distance to the University of New England and close to the Armidale Town Centre.

Property highlights.

• Gross income $194,000 based on 100% occupancy                                                      
• EOFY 2023-2024 Gross income $127,682.12
• EOFY 2023-2024 Net income $89,168.04
• Building size: 550m²                         
• Land size: 2,281.8m²
• Garage spaces: 2
• Open car spaces: 20+

A popular and affordable accommodation option for short term workers and university students.

All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*