Merimbula Investment Opportunity - 93% leased, $306k annual net rent
46-52 Market Street, Merimbula NSW 2548
By Negotiation
OfficeSize: n/a
Block size: 1289 m² approx.Office size: 839 m² approx.
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.
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.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Andrew Smith to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
1289 m²*
Other Details
Lot:
3
Plan Type:
DP
Plan:
1090625
Office Size:
839 m²*
Legal description:
3/1090625
*These are approximate values based on available information.
Maps and area information
Block information
Block size: 1289m² (approx)
Legal description: 3/1090625
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Enrolment areas for ACT public schools.
What's nearby
Merimbula Public SchoolPrimary School
0.6km
Eden Marine High SchoolHigh School
18.7km
Merimbula Fresh Food MarketMajor Shopping Centre
0.4km
Sapphire Coast Anglican CollegeCollege
5.5km
Post OfficePost Office
0.1km
Property history
We couldn't find any history for this property.
See Merimbula's suburb profile
Merimbula suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
56 years
Population
3,821
Listing ID: 182244547. This listing has been viewed 40 times. It was first displayed on 24/01/2024 and last updated on 20/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.