66 Murwillumbah Street, Murwillumbah, NSW 2484
- Property No. 503725070
- Show Page Visits
- Sold Contact Agent
- Sat 01-May-21
- Land Area
- 474.00 m² (approx)
- Floor Area
- 650 m²
- Last Updated
- Jun 03, 2021
Interested in this property? Contact an Agent today
Suite 2B Tweed Office Park, 24-28 Corporation Ct
Tweed Heads South NSW 2486
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:
UNDER CONTRACT
For more information contact Towers Francis Property.