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66 Murwillumbah Street, Murwillumbah, NSW 2484

66 Murwillumbah Street, Murwillumbah, NSW 2484

Retail Offices Showrooms/Bulky Goods

  • For Sale
  • UNDER CONTRACT CONTACT TOWERS FRANCIS PROPERTY
  • Sale by Negotiation
  • Under Contract

  • Land Area
  • 474.00 m² (approx)
  • Floor Area
  • 650 m²
  • Last Updated
  • Feb 24, 2021

Interested in this property? Contact an Agent today

Towers Francis Property - TWEED HEADS SOUTH

Suite 2B Tweed Office Park, 24-28 Corporation Ct

Tweed Heads South NSW 2486

Chris Towers
James Francis

MAIN STREET FREEHOLD BUILDING WITH EXCELLENT YIELD UPSIDE

This building is positioned in arguably the best retail position in the Murwillumbah CBD. The offering represents a clear and present opportunity to acquire the most striking building with huge revenue earning potential once fully let.

The hard part is done - the first floor is fully let! all that remains for the astute investor is to secure a ground floor tenancy at market rents to earn a projected 8.5% plus net return.

Motivated vendors, instructions are clear this must be sold and all reasonable offers will be considered.

INVESTMENT DETAIL:

- Current net return on first floor = $37,645 per annum + outs + GST
- Ground floor vacant 345sqm approx - conservative leasing rate $200psm ($69,000p.a)

FEATURES:

- Good quality well maintained freehold building constructed in 1997.
- 650sqm NLA over two levels approx.
- Dual street frontages with access from front and rear.
- 3 parking spaces at rear.

PRICE:

$1,200,000 negotiable.

For more information contact Towers Francis Property.

66 Murwillumbah Street, Murwillumbah, NSW 2484

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