SOLD
RECENT ADVICE
Sold on 08 Oct 2024 for $465,000

215-217 Conadilly Street
Gunnedah NSW 2380

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 119m2
Sold By
Hennessy Real Estate Gunnedah
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Property Details for 215-217 Conadilly St, Gunnedah

Building Type
Commercial
Land Size
119m2
Local Government
Gunnedah
Lot/Plan
3/DP29920

Last Listing description (October 2024)

Uncover the exceptional opportunity at 215-217 Conadilly Street, where meticulous maintenance meets the assurance of longstanding tenant stability.

This distinguished building offers a secure investment in the heart of the Gunnedah community. With a commitment to upkeep, every aspect of the property reflects careful attention, ensuring both tenants and prospective investors can rely on its enduring appeal.

From the top floor, where Two Cats Creative occupies office spaces designed for productivity and comfort, to the ground floor bustling with activity from Pronto Pizza, each level exudes functionality and convenience. This investment also boasts regularly maintained facilities, as new air conditioning systems, modern kitchen facilities, compliant kitchen waste sump (downstairs) and private bathroom facilities for each tenant.

The ground floor's strategic location along the main street not only provides visibility, but also facilitates ease of access with a glass-fronted facade that enhances the tenant's brand. With dual kitchens, multiple bathrooms, and rear access for deliveries, the operational efficiency of the hospitality space is optimized, ensuring smooth operations for its tenants.

Top Floor
- Office space with current tenants, Two Cats Creative
- New kitchen including dishwasher
- Private Male and Female Toilets
- Two as new split system air conditioners that are regularly serviced
- Spacious Open Plan Area with plenty of room for tenants to create open plan office space or meeting space.
- Multiple separate offices, one of which overlooks the hustle and bustle of the main street in Gunnedah
- Storage space and entry hall/waiting room options

Ground Floor
- Hospitality space with current tenants, SM Cuisine trading as Pronto Pizza
- Main street position with glass shop front
- Fit out includes dining area, counter, cooking area and back of house with ample storage
- 2 Kitchens
- Dishwasher
- 2 Bathrooms
- New split system air conditioners
- Council compliant Kitchen waste sump
- Rear access for deliveries with recently upgraded bitumen

Whether you are seeking a sound investment opportunity or contemplating expanding your property portfolio, 215-217 Conadilly Street promises not only a physical space but also a reliable income stream supported by established tenants. Contact Hennessy Real Estate at 02 6742 3001 to arrange a personal inspection and envision the possibilities this prime property can offer.

Property History for 215-217 Conadilly St, Gunnedah, NSW 2380

A timeline of how this property has performed in the market
Last Sold
$465,000
08 Oct 2024
Listed for Rent
$249/w
14 Jan 2020
  • 08 Oct 2024
    Sold for $465,000
  • 15 Jul 2024
    Listed for Sale $450,000 - $475,000
  • 25 Nov 2019
    Listed for Rent $13,000 / year
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About Gunnedah 2380

The size of Gunnedah is approximately 519 square kilometres. It has 36 parks covering nearly 7.1% of total area. The population of Gunnedah in 2011 was 9,341 people. By 2016 the population was 9,727 showing a population growth of 4.1% in the area during that time. The predominant age group in Gunnedah is 0-9 years. Households in Gunnedah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gunnedah work in a machinery operators and drivers occupation. In 2011, 65.6% of the homes in Gunnedah were owner-occupied compared with 63% in 2016.

Gunnedah has 5,758 properties. Over the last 5 years, Houses in Gunnedah have seen a 55.65% increase in median value, while Units have seen a 67.48% increase. As at 31 October 2024:

  • The median value for Houses in Gunnedah is $415,462 while the median value for Units is $364,180.
  • Houses have a median rent of $485 while Units have a median rent of $360.
There are currently 31 properties listed for sale, and 16 properties listed for rent in Gunnedah on OnTheHouse. According to CoreLogic's data, 272 properties were sold in the past 12 months in Gunnedah.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.