FOR SALE
Iconic Mullumbimby Business

Burringbar Street
Mullumbimby NSW 2482

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 90m2
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Iconic Mullumbimby Business For Sale

Here is your opportunity to secure one of Mullumbimby's favourite businesses.
Recently completely renovated, the Chincogan Store trades 6am - 6pm, 7 days per week and enjoys a premiere main street location. With a range of small item grocery lines and a fantastic offering of takeaway food and drinks, the store is a long time local favourite with a vast and loyal customer base.
Current monthly rent $4495.21 + outgoings with a 5 year lease in place. You could buy the business as something for you to be hands on in, or as an investment to set and forget. Monthly turnover approx. $75K
Opportunity to extend trading hours, apply for footpath dining approval, increase product range etc.
The sale also includes Catering and Kids Birthday Party & Jumping Castle hire, adding extra revenue streams.
15kW PV system on roof of building also included.
If you've been looking for an exciting and profitable business venture, this could be it!!
If you have an alternative business idea in mind that would suit the premises, the owner would also consider negotiating a sale that would allow you to take over the existing lease and purchase some or all of the current equipment.
For further information, contact Nathan Donnelly at North Coast Lifestyle Properties, Brunswick Heads on 0421942630.

Property Details for 1/33 Burringbar St, Mullumbimby

Building Type
Commercial
Floor Size
90m2

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About Mullumbimby 2482

The size of Mullumbimby is approximately 27.6 square kilometres. It has 10 parks covering nearly 2.8% of total area. The population of Mullumbimby in 2011 was 3,171 people. By 2016 the population was 3,600 showing a population growth of 13.5% in the area during that time. The predominant age group in Mullumbimby is 50-59 years. Households in Mullumbimby are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mullumbimby work in a professional occupation. In 2011, 66.7% of the homes in Mullumbimby were owner-occupied compared with 65.8% in 2016.

Mullumbimby has 2,380 properties. Over the last 5 years, Houses in Mullumbimby have seen a 48.25% increase in median value, while Units have seen a 87.11% increase. As at 31 July 2024:

  • The median value for Houses in Mullumbimby is $1,046,875 while the median value for Units is $794,757.
  • Houses have a median rent of $800 while Units have a median rent of $580.
There are currently 12 properties listed for sale, and 7 properties listed for rent in Mullumbimby on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Mullumbimby.

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Nathan Donnelly
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North Coast Lifestyle Properties
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