Turnkey Investment Opportunity

190 Donnelly Street presents a prime turnkey investment opportunity for investors seeking consistent returns and potential for further growth. This seven-unit strata-titled complex boasts a gross return of approximately $125,320 per annum, with ample room for increased yield and capital appreciation through strategic enhancements and potential development.

The property features a mix of three-bedroom, double-bathroom units and two-bedroom units, each offering modern amenities such as secure parking, private veranda's, internal laundry facilities, and high-speed NBN fibre connectivity. Constructed with durability in mind, the complex is built of double brick and tile, ensuring minimal maintenance and long-term reliability.

Several units have undergone renovations, including updated kitchens, bathrooms, flooring, and paint, reflecting a commitment to quality and modernisation. With a history of low vacancy rates, some long term tenants (in excess of 25 years) , the well-maintained dwellings demonstrate the appeal of the property to tenants, supported by engaged and invested current owners.

Strategically located midway between Armidale's town centre and the University of New England, 190 Donnelly Street offers convenience and accessibility, catering to both local residents and students. Whether you're an experienced investor seeking a stable income stream or looking to capitalise on the growth potential of Armidale's market, this property is an opportunity worth considering.

Contact Cayne Moar on 0431 435 958 for further information or to book your inspection today.

*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*

Explore the area

School catchments

OneSchool Global NSW - Armidale Combined 3-12 Independent 0.44km
Drummond Memorial Public School Primary K-10 Government 1.0km
Sandon Public School Primary K-6 Government 1.1km
St Mary's Primary School Primary K-6 Catholic 1.2km
PLC Armidale Combined K-12 Independent 1.2km
Ben Venue Public School Primary K-6 Government 1.5km
Armidale City Public School Primary K-6 Government 1.5km
Armidale Secondary College Secondary 7-12 Government 1.6km
The Armidale School Combined K-12 Independent 2.0km
O'Connor Catholic College Secondary 7-12 Catholic 2.0km
New England Girls' School Combined K-12 Independent 2.4km
Newling Public School Primary K-6 Government 2.5km
The Armidale School, Peter Hall Trade Training in Schools Centre Secondary Independent 2.9km
Martins Gully Public School Primary K-6 Government 2.9km
Minimbah Primary School Primary K-6 Independent 3.3km
The Armidale Waldorf School Combined K-11 Independent 4.0km
Kellys Plains Public School Primary K-6 Government 7.6km
Thalgarrah Environmental Education Centre Combined Government 17.1km
Uralla Central School Combined K-12 Government 21.8km
Guyra Central School Combined K-12 Government 31.6km
Walcha Central School Combined K-12 Government 53.1km
Bundarra Central School Combined K-12 Government 67.3km
Glen Innes High School Secondary 7-12 Government 85.1km
Manilla Central School Combined K-12 Government 93.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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