OFF MARKET

52 Cullen Street
Nimbin NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 519m2
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Property Details for 52 Cullen St, Nimbin

Building Type
Commercial
Land Size
519m2
Local Government
Lismore
Lot/Plan
A/DP402778

Last Listing description (September 2023)

Operated by the current owner for the past nine years, an opportunity exists to purchase the successful bakery business in the world renowned tourist destination of Nimbin NSW.

The only bakery in town and trading 6 days a week offering breads (including the original Aquarius loaf & Spelt breads), cakes, pies, coffee, fresh sandwich bar & burgers. The shop is in a high profile location with a licensed outdoor dining area and opportunity to expand.


Modern, well maintained equipment & inventory. Predominantly retail trade with selective wholesale clients. On-site parking for 8 vehicles. Gross turnover in excess of $1 million dollars per annum. Trading figures available to genuine enquirers.

Agent declares interest as a relative of the business owner.

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Property History for 52 Cullen St, Nimbin, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$370,000
07 Mar 2011
  • 12 Aug 2017
    Listed for Sale $249,000 o.n.o
  • 07 Mar 2011
    Sold for $370,000
  • 06 Feb 2009
    Sold for $320,000
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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.

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