Aruma (House With No Steps), 500 Peel Street, Tamworth, NSW 2340

Renewed 4-year lease plus 5-year option to 2033
“Recession proof" tenant, in occupation for over 15 years
Secure Essential Services provider
Aruma, over $519,000,000 in revenues, mostly from Commonwealth and State Governments
Formerly known as "House with No Steps", founded 1962
Tamworth, major NSW inland city with one of the strongest regional economies
Population catchment of around 200,000 people and growing
Strategic location close to Woolworths, Dan Murphys and any others
Peel Street, main commercial and retail thoroughfare in Tamworth
765 sqm land size with 415 sqm building
Dual street access with 5 parking spaces on title
Valuable depreciation incl from recent roof replacement
Tenant pays all outgoings (as in lease)
4% annual rent increases (net income $110,866 in 2027)
Easily managed single tenant investment

Net income: $102,502 + GST