Investment Powerhouse

Serious investors take note.

246 Donnelly Street is a rare offering in Armidale's market. Showing a strong and consistent return of approx $110,000 per annum operating as a short medium and long term accommodation business over the past twenty years. This is an exceptional investment prospect.

The property sits on three separate land titles, and encompasses 6 x 2 bedroom units and 4 x 1 bedroom units, all furnished, and are to be sold in one line on a walk in walk out basis.

Historically the units have had exceptionally low vacancy rate with all units currently occupied.

The holding has been owned by the current seller for the past twenty years and has been fastidiously maintained and updated as required.

All units include independent power and gas meters and NBN connection while town water is covered in the weekly rent.

Each unit consists of an open plan living and dining space, separate kitchen laundry and bathroom, plus the respective bedrooms. Ground floor units have private lawn areas whilst the top floors a private balcony.

A common garden area is located to the rear of the units for the use of all tenants. Each unit is allocated a covered car park.

This solid brick block of apartments are in exceptional condition for their age, with minimal capital needed to be injected by the incoming owner.

Coupling a strong historical low vacancy rate and an established clientele base 246 Donnelly street is an exceptional prospect for any serious investor.

The vendor has expressed a genuine desire to sell this asset due to retirement and invite all interest and inspections.