Property Details for 222 Rusden St, Armidale
Last Listing description (November 2013)
RAILWAY HOTEL, ARMIDALE
ATTRACTIVE FREEHOLD GOING CONCERN INVESTMENT
- Freehold Going Concern offering scope for improvement to the incoming purchaser in various areas of the business.
- A popular regional location situated between Sydney and Brisbane, and located approximately 110 kilometres north of Tamworth.
- Long established and iconic Hotel originally dating back to the 1880???s with value-add opportunities to diversify existing revenue streams.
- Offered for sale as a going concern, the property is to be sold ???as is??? incorporating all fittings, fixtures and chattels.
- Sale includes Hotel Licence and 12 PME's.
For Sale by Public Auction:
SMH Auction Centre (Angel Place, 123 Pitt Street, Sydney) -
Thursday 31st October 2013 at 10:30am
Under instructions from McGrathNicol.
Property History for 222 Rusden St, Armidale, NSW 2350
- 11 Oct 2013Listed for Sale Not Disclosed
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0About Armidale 2350
The size of Armidale is approximately 268.8 square kilometres. There are 41 parks, covering nearly 2.3% of the total area. The population of Armidale in 2016 was 23352 people. By 2021 the population was 23967 showing a population growth of 2.6% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation.In 2021, 59.20% of the homes in Armidale were owner-occupied compared with 57.70% in 2016.
Armidale has 13,874 properties. Over the last 5 years, Houses in Armidale have seen a 78.69% increase in median value, while Units have seen a 83.12% increase. As at 31 July 2026:
- The median value for Houses in Armidale is $627,129 while the median value for Units is $442,333.
- Houses have a median rent of $510 while Units have a median rent of $370.
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