FOR SALE
$279,000

154 Saint George Street
Mungindi NSW 2406

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 613m2
Land area: 613m2
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GREAT INVESTMENT OPPORTUNITY - 8.25% NET*

LAWD in conjunction with McCulloch Agencies is pleased to present for sale 154 St George Street, Mungindi a perfectly positioned commercial building, situated on a 613* square metre corner block in the main street of Mungindi.
The building consists of four shopfronts.
Two shopfronts are currently occupied by long-term tenants operating a takeaway cafe.
The sale will include six-month leases on the other two shopfronts that have been fitted out and utilised previously for a beauty and hair salon that could also be used as office/storage space.
Based on current outgoings the property has the potential to achieve an income of approximately $23,000* per annum or 8.25% net*.
NB. As a going concern, this property is potentially not subject to GST upon purchase.

Property Details for 154 Saint George Street, Mungindi

Building Type
Commercial
Floor Size
613m2
Land Size
613m2

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About Mungindi 2406

The size of Mungindi is approximately 1,081.2 square kilometres. The population of Mungindi in 2011 was 383 people. By 2016 the population was 141 showing a population decline of 63.2% in the area during that time. The predominant age group in Mungindi is 60-69 years. Households in Mungindi are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mungindi work in a labourer occupation. In 2011, 55.4% of the homes in Mungindi were owner-occupied compared with 66.6% in 2016..

Mungindi has 140 properties. Over the last 5 years, Houses in Mungindi have seen a 91.18% increase in median value. As at 30 November 2024:

  • The median value for Houses in Mungindi is $139,047.
There are currently no properties listed for sale, and no properties listed for rent in Mungindi on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Mungindi.

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Tara Seaton
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