Old-time picture theatre in regional NSW offers romantic buyer appeal

Who wouldn’t get swept away by the romance of getting an elegant old-time picture theatre up and running again?

If that’s your dream, then the 1928-built Gundagai Theatre could be your new passion project.

Just imagine restoring the original 524-seat art deco building to its former glory and hearing those projectors roll.

Or, equally, you could just enjoy the weekly rental income of $865 from three tenants with the potential to attract one more into the vacant auditorium.

This unusual building sits on a corner location of more than 1000 square metres, but offers more than 2000 square metres of floor space.

Marya Stylli of Mastersell Realty says the charming old theatre is one of the most outstanding she has ever represented.

“It’s much loved in the community and they would really get behind someone with a vision that saw it return to its former glory,” she says.

“The building is zoned for a multitude of uses including potential apartment development or as a function or events centre.

“Someone could even revive the old theatre, or convert it to a museum or even backpacker accommodation.”

Other potential uses could include a theatre restaurant or cafe.

The building is currently divided to suit tenants. In the centre are two levels occupied by a Masonic Lodge. On the street front are two offices.

Gundagai

217-221 Sheridan Street

$495,000

Private sale

Agent: Mastersell Realty, Marya Stylli 0425 275 555