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66 Murwillumbah Street Murwillumbah, NSW 2484

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66 Murwillumbah Street,
Murwillumbah, NSW 2484

Shop & Retail • Offices • Showrooms & Large Format Retail

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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.

Property ID: 503725070Last Updated: 3 Jun 2021

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66 Murwillumbah Street
Murwillumbah, NSW 2484
Towers Francis Property - TWEED HEADS SOUTH
Suite 2B Tweed Office Park, 24-28 Corporation Ct
TWEED HEADS SOUTH, NSW 2486
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