Auction Location: EWING REAL ESTATE office.
Located in Gunnedah's main street, on a large 2300sqm block of land, zoned Medium Density Residential (R3), 400 Conadilly Street is improved with a large timber residence divided in 5 individual residential flats. The property is being sold VACANT POSESSION.
Each flat features 1 or 2 bedrooms, working kitchen, bathroom and lounge room, internal or shared laundry. Each flat (except unit 3) has been leased for $120 per week. Unit 3 does requires maintenance to be rentable. This is an excellent opportunity for a keen investor to upgrade the current complex to a more modern standard as well as develop the remaining land with more housing or subdivision. The central location to Gunnedah CBD, schools and transport makes it an ideal residential development promising you an excellent return on your investment. The vendor is a genuine seller and will consider offers.
