286 Conadilly StreetGunnedah NSW 2380
Property Details for 286 Conadilly St, Gunnedah
Last Listing description (July 2024)
Set across two titles on an imposing 658 square metres and enjoying prime main street frontage with convenient rear access, this iconic building is a must inspect for savvy investors seeking a high yield, low risk opportunity in the thriving regional center of Gunnedah, NSW.
While steeped in historical significance for Gunnedah's Business District, this impressively maintain and presented property has it's own intrinsic value that goes well beyond the appealing returns available for the incoming custodians of this superb building.
Since 1986, this iconic property has enjoyed unbroken occupation and usage as an accountancy firm, with a current long term lease in place to Forsyth's Business Services.
Offered to the open market for the first time in 38 years, this superb investment is an opportunity not to be missed.
- Recent commencement of a new 5 year lease until November, 2028
- Annual NET income of $89,000 + GST + 100% of all outgoings
- Annual CPI increases, generating returns of over 7%
- Forsyths first tenancy commenced in 2012. Been occupied by accountancy firm since 1986
- E1 Local Centre zoning
- Set across two levels providing future opportunities for dual tenancy
- 22KW Solar System
- Rear lane access, 12 off-street parking plus lock up garage
Offering enviable NET returns for astute investors, this is an ideal property for long term hold in self-managed super with a long term tenancy in place. Secure this outstanding investment today, contact Hennessy Real Estate on 02 6742 3001.
Property History for 286 Conadilly St, Gunnedah, NSW 2380
- 10 May 2024Listed for Sale $1,240,000 - $1,300,000
- 09 Oct 2008Sold for $245,000
- 30 May 2000Sold for $150,000
Recent sales nearby
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0About Gunnedah 2380
The size of Gunnedah is approximately 519.0 square kilometres. It has 36 parks covering nearly 7.1% of total area. The population of Gunnedah in 2016 was 9726 people. By 2021 the population was 10359 showing a population growth of 6.5% 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 2021, 65.40% of the homes in Gunnedah were owner-occupied compared with 63.00% in 2016.
Gunnedah has 5,903 properties. Over the last 5 years, Houses in Gunnedah have seen a 88.64% increase in median value, while Units have seen a 44.95% increase. As at 30 April 2026:
- The median value for Houses in Gunnedah is $557,250 while the median value for Units is $351,688.
- Houses have a median rent of $540 while Units have a median rent of $440.
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