Real Estate for Sale in GUNDAGAI

Prime Investment with Development Potential - $3,825 monthly Income - 3 Tenants

$795,000

A rare opportunity awaits in the Heart of the historic township of Gundagai... this fully leased, income-generating property offers not only immediate returns but exciting scope for further development. With council approval, investors could explore building an apartment above the existing street-level shops, or adding a shed or additional carports at the rear, enhancing both value & versatility.
Strategically positioned halfway between Melbourne & Sydney, Gundagai is a popular stop-over for travelers & a warm, welcoming community. This 722.7m² renovated property sits proudly in the centre of the main street, surrounded by key amenities & iconic local businesses.
Current Rental Income: $3,825 per month

All three tenancies are occupied, offering stable returns & flexible leasing arrangements.

TENANT 1 – 144 Sheridan St - Rental Income: $1,650/month
Wi-Ski Internet Service Provider
- Two-room office with wide glazed frontage & double glass doors
- Tiled entry, new carpet, kitchenette & two new air conditioning units
- Rear timber balcony overlooking Morleys Creek
- Includes large downstairs storage room & shared common area with Tenant 3

TENANT 2 – 146 Sheridan St - Rental Income: $1,625/month
Residential or Commercial Use
- One-bedroom apartment with potential for retail or gallery use
- Freshly painted, high ceilings, polished timber floors
- Enormous modern bathroom, split system air conditioning in both living & bedroom
- Chef stove, ceramic cook-top, stainless-steel sink, internal laundry space
- Optional internal door connection to Tenant 1 for flexible leasing

TENANT 3 – 144a Sheridan Lane - Rental Income: $550/month
Commercial Office & Storage
- Two carpeted, freshly painted rooms with rear lane access
- Shared common area with Tenant 1 including toilet, basin & cupboard

UNBEATABLE LOCATION & HIGHLIGHTS
- Neighbours: Bendigo Bank, Foodworks, Niagara Café, Criterion Hotel (130m), Woolworths (400m)
- Recreation: Swimming pool & golf course (750m), Services Club & Bowls Club (500m), Carberry Park (500m)
- Schools: Gundagai Public (2.1km), High School (1.3km), St Patrick’s Primary (300m), Preschool (350m)
- Transport: Regional/Sydney coach stop (500m)

This solid building with flexible leasing options & untapped development potential is a standout opportunity for savvy investors. The large rear yard includes an enclosed carport currently used by the owner, with scope to expand.

Call Marya today on 0425 275 555 to learn more or arrange an inspection