Positioned just a five-minute drive from the centre of town, 179 Chapel Street presents an exciting opportunity to secure a complete block of four units in a convenient Armidale location. Offering multiple income streams, a flexible accommodation mix and strong tenant appeal, this property is well suited to investors looking to add scale and stability to their portfolio.
The property comprises four separate units, with Unit 1 offering a larger four-bedroom layout and the added benefit of its own private yard. This provides excellent appeal for tenants seeking extra space, privacy and a more house-like feel, while still enjoying the convenience of unit-style living.
Units 2, 3 and 4 each feature two bedrooms and one bathroom, providing practical and easy-care accommodation that suits a broad range of tenants. These three units have also been freshly repainted, improving their presentation and reducing immediate maintenance requirements for the incoming owner.
Each unit includes its own parking space, adding everyday convenience for residents, while Units 2, 3 and 4 share a practical yard area. The property's configuration provides a strong balance of rental diversity, with the larger Unit 1 offering a different tenant profile to the smaller two-bedroom units.
With four separate income streams, 179 Chapel Street offers the benefit of spreading rental risk across multiple tenancies rather than relying on a single occupant. Its location, only a short drive to Armidale's CBD, schools, shops and services, further enhances its appeal as a long-term investment in a tightly held regional market.
For investors seeking a multi-unit asset with flexibility, income potential and a convenient position, 179 Chapel Street is an opportunity well worth considering.
With all units leased, 179 Chapel Street would likely to attract a rental value of approximately $1,440 $1470 per week in its current condition.
The property is currently fully occupied at a combined rent of $1350 per week.
* We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.*
