Incredible Development Opportunity For a Savvy Investor !

SOLD

This enormous block within walking distance of Gundagai’s main street has a large home that is fortunately situated in one of the front corners of the block. There is space for another two homes along the frontage (subject to the approval of council). Alternatively, a driveway could be laid towards the centre of the block, allowing for a total of four residences on the block (subject to the approval of council). .. The block is fenced on all sides & has a recent galvanised steel double lock-up garage connected to power & in excellent condition, with sufficient space for two cars & storage. There is also an old stable with a large workshop on each flank… another small timber & iron shed with an old fireplace & timber flooring near the stable, as well as a garden shed.

The site is flat & only has vegetation in the rear quarter of the site… The house requires maintenance however, the structure appears to be largely sound & well worth restoring to its past glory. Following renovation, this solid stone building with attractive roofing has the potential to be a fine & impressive home to live in or as an investment will attract a high rental income… Entry is via a solid stone porch with timber decking. The spacious living room has a fireplace with the original mantelpiece intact… The wide hallway has the potential be a grand central space & boasts a storage room at one end… The huge kitchen has abundant storage & a good view of the back yard with two double-hung windows. The 1940s to 1950s cabinetry is now in vogue so could be restored or sold for a good price. The enamelled cast-iron slow-combustion wood-burning cooker may be a vintage Rayburn No.2 from the late 1940s, much appreciated by modern retro lovers, especially with the insulated cover to the hotplate. There is plenty of room for a dining table in this kitchen, making an intimate space for family and friends

A good-sized family room is accessed from the kitchen & has another fireplace with the original cast iron grate. The room has a split-system air-conditioner & there is a door to the back yard… A sunroom accessible from either the front porch or from internally, provides a third pleasant living space with views of the distant hillside & is also ideal as a parent’s retreat… There are 3 bedrooms & the sunroom could be used as a 4th bedroom/study… The bathroom has the original pedestal basin, bath with overhead shower & there is a separate toilet adjoining the bathroom… There is also a second toilet for convenience that is accessed from outside… The laundry has direct outdoor access & an old-style boiler as well as a double tub… FURTHER FEATURES INCLUDE: Original cornices, vents, double-hung windows & high ceilings throughout;

Everything within walking distance!
- Local milk bar (a 550m walk); Woolworths & the main street just a 750m walk
- Gundagai Services Club and Bowls Club (700m walk); Criterion Hotel (1.1 km)
- The swimming pool (700m walk); Gundagai Golf Course (850m walk)
- Carberry Park (600m walk); walks along the Murrumbidgee River (1.4 km)
- Zoned for Gundagai Public School (1.8 km) & Gundagai H.S. (500m walk), with Gundagai Preschool (900m walk) & St Patrick’s Catholic Primary School (1.2 km)
- Medical Centre (1.5 km); Gundagai District Hospital (1.5 km)
- Gundagai Coach Stop for regional & Sydney buses (700m walk)

Thriving Gundagai has a shortage of residential properties, so this massive block within walking distance of the town centre represents a rare & significant development opportunity. Contact Marya today on 0425 275 555 to learn more or book an inspection.

Property Overview