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2. Property Highlights

Merimbula Investment Opportunity - 93% leased, $306k annual net rent

Welcome to 46-52 Market Street, Merimbula – an unparalleled investment opportunity in the heart of this thriving coastal town. This single level retail and services building, strategically positioned on Merimbula's main street.

Discover the Unique Features:

* Strategic Exposure: Gain maximum visibility on Merimbula's main shopping street, ensuring your tenants enjoy a prominent position.

* Parking Convenience: 2 rear car parks, complemented by on street and extra rear public parking, providing seamless access for both tenants and customers.

* Diversified Income Stream: With an impressive 93% occupancy rate and income generated from 8 diverse tenants, this property promises a stable and varied revenue stream, adding to its appeal.

* NLA: Total net lettable area of approximately 839.4m2.

* Land Area: Land area of 1,289m2, this property provides a substantial footprint in a coveted location, ensuring ample space for potential future redevelopment or enhancements.

* Income: Fully leased with an annual net rent of approximately $306,840.

* Modernised Infrastructure: Recent upgrades to the arcade space and common areas of the building guarantee a contemporary and attractive environment for tenants.

Merimbula Airport is serviced by both Rex and Qantas, with 3 daily flights to Sydney and 2 to Melbourne.

The property is being sold via Expressions of Interest, closing at 3pm, Wednesday February 28, 2024.

For more information please contact Andrew Smith on 0409 600 471.

Remember to mention you found this property on CommercialReady

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3. Property Location

46-52 Market Street, Merimbula, NSW, 2548

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4. Due Diligence

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46-52 Market Street, Merimbula, NSW, 2548 Merimbula
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