Located right in the main street of Mullumbimby on the sunny side of the road, this property boasts very high pedestrian and vehicular traffic. It has been an excellent money earner for the current owner for over two decades. The premises have a history of strong tenancies and are presented in remarkably good condition.
Leases are new and at market levels with 5% annual increase clauses and tenants paying all major outgoings. Total rental income is $129,320 (Excl GST) showing 4.54% nett return. Properties like this are rarely available in this tightly held sector, and we confidently recommend adding this parcel to your investment portfolio.
A COMPREHENSIVE INFORMATION MEMORANDUM IS AVAILABLE ON REQUEST.
