23-25 Tumut Street, South Gundagai NSW 2722

1860s riverfront inn | 6 bed, 5 bath, function centre | 6,070 sqm site | Low-density river village | Hospitality or lifestyle buyer The competitive strength is found in the rarity of a circa 1860s riverside inn with six bedrooms, five bathrooms, and a fully licensed function space capable of hosting around eighty guests. The property is situated on a generous 6,070 square metre site in a low-density, stable street, where conventional houses are far smaller and younger. That combination of historic character, commercial flexibility, and river adjacency is rarely seen. The house is best suited to a buyer seeking dual-income potential from short-stay accommodation and event hire, or a private buyer who wants extensive space for multigenerational living with a home-based business. Value may be influenced by the ongoing maintenance and compliance demands of a heritage-era building adapted for hospitality use, as well as the condition of the recent renovation. The large landholding and river frontage could support further enhancements, but the specialised layout might limit appeal to conventional families. Rental income potential from the accommodation and function space could underpin the purchase, though market depth for this property type is considered shallow. >> Comparable Sales: 23 Tumut Street, 2005, $396k | Property Price Band: $600k-$700k | Value Drivers: renovation condition, land size, riverfront position