2 King StreetMurwillumbah NSW 2484
Property Details for 2 King St, Murwillumbah
Last Listing description (October 2024)
REAL Specialists Commercial are proud to be the exclusive marketing agents of 2 King Street by way of Offers to Purchase closing 4pm Thursday 1 August 2024.
This multi-tenanted freestanding property consists of 3 tenancies over two levels with a net lettable area of 354m2* on 711m2* of land central to the Murwillumbah CBD and everything that the town has to offer. Solid brick construction, with suspended concrete slab and ambulance ramp, the opportunities for improvement are endless here.
Anchored by Advanced Radiology Clinics on a long term lease in Suites 1-3 & an allied health Professional in Suite 5, this property sits amongst the medical precinct within Murwillumbah. Suite 4 is currently vacant; a rental guarantee is being offered for up to 12 months from settlement date.
Investment Details:
Current net income: $90,765.61 + GST (including rental guarantee)
Freestanding corner site
Medical & Allied Health tenant mix
12 carparks onsite
Desirable MU1 Mixed Use Zoning
Wheelchair accessible
This neat and tidy property won’t last long!
Property History for 2 King St, Murwillumbah, NSW 2484
- 27 Sep 2024Sold for $1,100,000
- 03 Jul 2024Listed for Sale Offers to Purchase
- 23 Apr 2020Listed for Rent $11,818 / year
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About Murwillumbah 2484
The size of Murwillumbah is approximately 12 square kilometres. It has 21 parks covering nearly 10.4% of total area. The population of Murwillumbah in 2011 was 6,342 people. By 2016 the population was 7,034 showing a population growth of 10.9% in the area during that time. The predominant age group in Murwillumbah is 50-59 years. Households in Murwillumbah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murwillumbah work in a professional occupation. In 2011, 65.1% of the homes in Murwillumbah were owner-occupied compared with 65.5% in 2016.
Murwillumbah has 4,122 properties. Over the last 5 years, Houses in Murwillumbah have seen a 68.99% increase in median value, while Units have seen a 121.04% increase. As at 31 October 2024:
- The median value for Houses in Murwillumbah is $796,471 while the median value for Units is $370,540.
- Houses have a median rent of $695 while Units have a median rent of $420.
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