SOLD
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Sold on 15 Dec 2023 - Price Unavailable

43 Cullen Street
Nimbin NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 500m2
Land area: 1000m2
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Property Details for 43 Cullen St, Nimbin

Building Type
Commercial
Floor Size
500m2
Land Size
1000m2
Local Government
Lismore
Lot/Plan
2/DP620886

Last Listing description (December 2023)

One of the few businesses to not only survive Covid but THRIVE through it (and beyond) is Australia Post. And in the iconic tourist town of Nimbin this has certainly been the case. Now, to add to the temptation of purchasing such a successful business, the current owners have decided to market the listing along with the freehold property. Not only is this wonderful old building in the very heart of the village, it has a large 880m2 block at the rear of the building where you could extend into living quarters or add a residence. As an added bonus the 'back yard' has magnificent views out to Blue Knob Mountain. The business could then be yours to run OR leased out to management. Either is a great financial option!

Nimbin Village is the third most visited tourist town in NSW, and is often called the "Village that never sleeps". Add to this the boom in real estate in the area with a rapid rise in population, and the only Post Office in town is a very viable business indeed. With Nimbin's expanding market, the purchaser is currently guaranteed a six figure income which is currently rising (books available on request), and the 600 post boxes will surely be expanding in the near future. The parcel post 'division' of the business is a winner; a situation likely to remain into the future given the consumers' leaning toward online shopping. Always busy but casual and a community hub, the Post Office is right in the middle of the cafe precinct/CBD of town with the added bonus of gaining constant foot-traffic AND with community carparking close by.

Your workday is made all the more pleasant by the lovely premises - a purpose built premises as a post office and telephone exchange erected in 1925 - with multiple sorting rooms, amenities, and plenty of room outback in the lovely yard with views to enjoy your lunch breaks or downtime.

The Post Office is being offered for the first time in 15 years as a complete package - and at a very reasonable price. With room to expand and value-add, you can live and work in paradise and leave the rat race behind.
Call John Wilcox on 0428 200 288

Property History for 43 Cullen St, Nimbin, NSW 2480

A timeline of how this property has performed in the market
Last Sold
15 Dec 2023
  • 15 Dec 2023
    Sold for $650,000
  • 10 Jun 2019
    Listed for Sale $1,100,000
  • 17 Jul 2018
    Listed for Sale $360,000
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About Nimbin 2480

The size of Nimbin is approximately 72.9 square kilometres. It has 5 parks covering nearly 3.1% of total area. The population of Nimbin in 2011 was 1,667 people. By 2016 the population was 1,474 showing a population decline of 11.6% in the area during that time. The predominant age group in Nimbin is 50-59 years. Households in Nimbin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nimbin work in a professional occupation. In 2011, 69.4% of the homes in Nimbin were owner-occupied compared with 68.8% in 2016.

Nimbin has 957 properties. Over the last 5 years, Houses in Nimbin have seen a 68.35% increase in median value, while Units have seen a 80.29% increase. As at 31 October 2024:

  • The median value for Houses in Nimbin is $678,172 while the median value for Units is $476,884.
  • Houses have a median rent of $498.
There are currently 42 properties listed for sale, and 2 properties listed for rent in Nimbin on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Nimbin.

Suburb Insights for Nimbin 2480

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Contact agent
John Wilcox
Show contact details
Nimbin Hills Real Estate Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.