SOLD

Phone enquiries - please quote property ID 06078.

Gunnedah is perfectly positioned on the Melbourne to Brisbane Highway in the Northwest/New England area. Gunnedah is a booming town with commodities such as mining, farming, and related industries, gas exploration. Gunnedah has 7 hotels, a Services Club and Golf Club with 18 hole golf course, Tennis club, 10 motels, state of an art Swimming pool complex. Gunnedah also has a modern hospital with a medical center on the hospital grounds, there are 3 high schools--Public, Catholic, and Christian--3 primary schools--Public, Catholic, and Christian-- and an exceptional brand new special needs school plus numerous sporting facilities, there are 3 brand new service stations along with 4 original. Gunnedah is just under one hour from Tamworth.

The property is in the best location of the CBD, with highway frontage as well as rear access.

There is also a two-room renovated cottage with bathroom/laundry on-premises. Viewing is a must as photos do not give the charm or ambiance of this property.

Currently leased as a licensed Cafe/Restaurant in the Growth Area (Gunnedah Coal Basin is the financial property hot spot of NSW). Extensive fit-out, nothing else to do. Premises with accommodation/storage (current 5 x 5 x 5-year term as of November 2021--tenant has been there for 10 years and signed the 5 x 5 x5 year lease in 2011 after a 1-year trial, the tenant has just signed another 5 years with the option of 5 more years November 2021-and leased for $55,200 annually including GST. Council rates $5,550 annually paid by owner - Tenant pays water, garbage rates, and all utilities plus contents, plate glass, and public/products liability insurance separate to rent). Tenants own the furniture and equipment (excluding fixtures such as front counter/bar counter, fireplace/mantle/mirror, and pot plants). Off-street parking for 2+ cars and loading area. Preferably email or call the owner today to find out more.

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