SOLD
Sold on 07 May 2024 for $970,000

277 Conadilly Street
Gunnedah NSW 2380

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 809m2
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Property Details for 277 Conadilly St, Gunnedah

Building Type
Commercial
Land Size
809m2
Local Government
Gunnedah
Lot/Plan
1/DP14344

Last Listing description (October 2023)

Under instructions from Barry Kogan and Katherine Sozou as Receivers and Managers, Colliers is excited to present For Sale 277 Conadilly Street, Gunnedah. Forming part of The Petroleum Portfolio, a rare and unique collection of strategically located service station investments, developments and operational opportunities across the East Coast of Australia.

This property represents a secure investment in a prime regional location and offers the following key investment highlights:
Strategic 809m* corner site

MU1 Mixed Use zoning
Fuel infrastructure (2 bowsers & 12 pumps)
Attractive 10 year lease with options
Passing income of $89,913* per annum with fixed rental growth

The Petroleum Portfolio is offered For Sale in-one-line or individually via Expressions of Interest closing Wednesday 8 November at 3pm (AEDT).

For further information and/or to arrange a private inspection, please contact the exclusive selling agents.

*approx

Property History for 277 Conadilly St, Gunnedah, NSW 2380

A timeline of how this property has performed in the market
Last Sold
$970,000
07 May 2024
  • 07 May 2024
    Sold for $970,000
  • 09 Oct 2023
    Listed for Sale Please contact agent
  • 09 Jan 2017
    Sold for $345,000
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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.

Suburb Insights for Gunnedah 2380

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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.