Resort Brokers ID LH001346A boutique property in Armidale, set on the grounds of the historic home Cotswold which was built in the late 1800's.Strong 3.5 star rating (09 report) 24 unit property.23 years remaining on lease. Extra years can be purchased.Rent $158 884 + GST (2010) CPI indexed. Landlord provides $20,000 annually for improvements . It is the Tenants choice.Restaurant (40 seat) Bar (15 seat) Lounge with billiard table (15 seat).24 Ground floor units, undercover parking, recently installed LCD TVs.Upstairs 2 bedroom residence, private kitchen, lounge plus potential for huge rumpus.Large block with ample parking, beautiful gardens with a Gym in an outdoor setting..Average room rate $110, Restaurant 26% of total revenue, occupancy 70%.Net Profit: $280,497Turnover: $986,606