AMAZING INVESTMENT OPPORTUNITY - 3 Tenancies in Central Gundagai

$835,000

A huge investment opportunity is now available in the historic township of Gundagai, a friendly community halfway between Melbourne & Sydney (so a common stop for people travelling between the two cities). The 722.7m2 renovated property is situated in the centre of the main street, right in the very heart of beautiful Gundagai. All three tenancies are currently occupied: RENTAL INCOME: $3825 per month.

TENANT 1 - 144 Sheridan St Two-room office & balcony with entry from the main street This tenant is Wi-Ski Internet service provider, also leasing the huge storage room downstairs & sharing the downstairs covered common area & toilet with Tenant 3 A wide glazed frontage with double glass doors leads into the larger of two offices. This front office has a tiled entry area, then new carpet & a kitchenette towards the rear. The second office has direct access to the rear covered timber balcony which overlooks Morleys Creek. Both offices are newly painted & with high ceilings & two New air conditioning units. CURRENT RENTAL INCOME: $1650 per month.

TENANT 2 - 146 Sheridan St One-bedroom apartment which can also be used as commercial space (suit any shop or gallery instead of a residence) with entry from the main street. The current tenant is a resident leasing the one bedroom apartment, one bathroom & a combined family room & kitchenette. All rooms are freshly painted & in excellent condition, the modern bathroom is enormous & the kitchen & family room has beautiful newly polished timber flooring, high ceilings & new split system air conditioning unit. A second air-con unit is fitted in the carpeted bedroom also. The family room has a new Chef stove with ceramic cooktop & a new freestanding stainless-steel sink unit, with space for an internal laundry. The family room also has an optionally openable door connecting to Tenant 1 for further flexibility in leasing arrangements. CURRENT RENTAL INCOME: $1625 per month.

TENANT 3 - 144a Sheridan St Two-room office with entry from rear Sheridan Lane.
This tenant is leasing both rooms as commercial office & storage space. Both rooms are carpeted & freshly painted. The common area currently used by Tenants 1 & 3 includes a stainless-steel basin unit, separate toilet & cupboard, as well as the staircase up to Tenant 1's balcony. CURRENT RENTAL INCOME: $550 per month.

LOCATED IN THE HEART OF TOWN
- Right in the middle of the main street with Bendigo Bank & Foodworks on one side & the iconic Niagara Café on the other; Criterion Hotel Gundagai (130m); Woolworths (400m)
- Swimming pool (750m); golf course (750m); Gundagai Services Club & Bowls Club (500m); Carberry Park & playground (500m
- Zoned for Gundagai Public School (2.1 km) & Gundagai High School (1.3 km), with St Patrick's Catholic Primary School (a 300m walk) & Preschool (350m)
- Transport: Coach Stop for regional/Sydney buses (500m)
- Medical Centre (210m); Gundagai District Hospital (1.9 km)

THIS SOLID BUILDING WITH FLEXIBLE LEASING OPTIONS IS SITUATED IN A PRIME POSITION IN CHARMING GUNDAGAI SO IT WILL BE ATTRACTIVE TO INVESTORS. A large yard at the rear includes an enclosed carport currently used by the owner. Further development possibilities exist, including building an apartment above the street shops, as well as a shed or further carports facing the rear lane (subject to council approval). Act quickly by calling Marya today on 0425 275 555 to learn more or book an inspection.

Property Overview