$1,1000,000

This is a prime commercial investment opportunity comprising three separate tenancies along Gunnedah's bustling Conadilly Street. The properties are fully leased, providing secure, diversified rental income across established tenants in retail and services.
The combined portfolio offers a total passing income of $82,394 p.a., with lease expiries spread over the next few years, ensuring both stability and potential for future value growth.

Portfolio Highlights:
• 3 fully leased properties: 208, 212 & 216 Conadilly Street
• Total building areas: 200 sqm, 202.3 sqm, and 265.6 sqm respectively
• Prime street frontage with high visibility and pedestrian traffic
• Secure tenants: retail, convenience store, and entertainment services
• Diversified lease expiries reducing vacancy risk

This location has great historical value in Gunnedah. It was home to the first major supermarket, Thriftway, in 1957 , operated by The Venardos & Souris Families after acquiring the White Rose Cafe. Thriftway was a highly successful, privately-owned supermarket that became the largest in the North West and operated until Peter Venardos's retirement in 1994, when it was converted to a delicatessen.

Please contact the selling agent for a copy of the IM.