Adam Grbcic and Tony Grbcic from Kollosche Commercial & Assi Dadon from Real Specialists Commercial are proud to present to the market 13 Wharf Street, Murwillumbah, NSW.
This is a historic and iconic building in the centre of Murwillumbah, which offers the investor the security of a 100% leased investment with long term and well trading tenants as well as the longevity of very thorough workmanship and a completely refurbished building.
The property is situated in the core and centre of the Murwillumbah township, which has seen high levels of capital growth, new development and a 19% population growth since 2016 (Census data 2022). Murwillumbah is also recognised as a popular tourist location and known for its art deco facades, organic markets, M/Arts Precinct and local breweries.
The key property attributes include:
-Land Size: 1,650m2*
-Gross Lettable Area: 1,196m2*
-Total Retail Area: 787m2* (currently configured into ten retail shops which range from 42m2* to 193m2*)
-Total Residential Area: 409m2* (comprising nine studio & 1-bed apartments)
The key investment attributes include:
-A 100% leased investment offering a total of 19 tenancies
-Passing net income: $406,491.26* + GST per annum
-Wide range and spread of tenancies which reduces the risk profile of the asset, currently offering:
-Ten retail tenants including a café, Italian and Indian Restaurants, a kebab shop and a variety or boutique retail stores
-Nine residential studio & 1-bed apartments, which are leased on either 6 or 12 months agreements
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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