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Description: PROPERTY ADDRESS: LOT 450/ 10 Kestrel Street, MOORE CREEK TAMWORTH
The Tamworth central business district is the town centre and is located north of the Peel River. It is primarily a business area of Tamworth, with many shops, restaurants, car dealerships, as well as shopping centres and public facilities. The Tamworth Regional Council has its headquarters in Peel Street at Ray Walsh House. Bicentennial Park and number one cricket oval are also located in the suburb.
Tamworth is primarily a service centre for the New England and North West regions, providing services to a population of some 200,000 plus people from the Tamworth region and satellite areas. The retail industry is the biggest employer, followed by manufacturing and health services. The industries with the most number of businesses in order are property and business services, agriculture and construction, closely followed by finance and insurance services. With a diverse economy agriculture, education, transport and aviation are major industries.
Aviation has been a significant part of the local economy, partly due to the town's exceptionally suitable flying weather, with the former East West Airlines and Eastern Airlines having had service and maintenance bases at the Tamworth Airport. Qantaslink currently conducts heavy maintenance on its DHC8-400 fleet at its Tamworth base. The Tamworth airport is home to the former Bae systems flight training academy complex, capable of accommodating and training up to 150 students at any time. New operators are currently being sought following the withdrawal of Bae from military flight training in 2020. The Australasian Pacific Aeronautical College and New England Institute of TAFE in the town also provide aeronautical training.
Agriculture is an important industry in the Tamworth economy. An estimated 307,000 hectares (760,000 acres) of land are used for the agricultural industry, with an economic gross value of $75 million contributing to the Tamworth economy.[34] Important agricultural activities include beef, sheep, grain, dairy, poultry and lucerne.[34] Other agricultural areas include alpaca, buffalo, berry, fish, goat, hydroponic, nut, olive, and specialised game fowl farming, as well as wineries.[34] Offices for the Department of Agriculture and the Department of Infrastructure, Planning and Natural Resources are located in Tamworth.
VERY STRONG MARKETPLACE WITH HIGH DEMAND FOR HOUSING
Current vacancy factor 0.9%
DUPLEX
UNIT 1: 3 bed + 2bath + 1 car
UNIT 2: 3 bed + 2 bath + 1 car
Land size: 1019m2 Land price: $249,000
Dwelling total size: 250m2 Build cost: $615,900
TOTAL PACKAGE PRICE: $964,900
Rental estimate: $1100 total per week
THIS PROPERTY IS NOT YET CONSTRUCTED - BEING SOLD AS 'OFF THE PLAN'
EQUITY UPLIFT ESTIMATION:
Refer to the letter attached where it is estimated that on completion this duplex will be increased by $150,000 plus - that's great profit!
Now purchase at $864,900 - when completed and on sold as two properties the uplift is to $1.050,000 (see Raine & Horne Real Estate Tamworth estimate letter attached)
TO PURCHASE:
EOI with initial holding deposit to be paid of $1000
Subject to Finance: 21 days from date of land contract
Land settlement: 14 days after finance approval
Build timeframe- 8 months estimate
Progressive staged construction loan is required
This property is subject to being available at time of your enquiry.
FOR SALE: $864,900
KAYE TILLEY
0418 823 046
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