OFF MARKET

70 Cullen Street
Nimbin NSW 2480

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 645m2
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Property Details for 70 Cullen St, Nimbin

Building Type
Commercial
Land Size
645m2
Local Government
Lismore
Lot/Plan
1/DP361154

Last Listing description (July 2024)

Nimbin's retail and commercial space has been so tightly held for decades with very few properties being released. There's a reason for that. It's a treasure, and a privilege, to own one of these rare properties.

And now, after 30 years, this incredible property is available for the right person to come and join the Nimbin business community.

With two excellent tenants, a pizza restaurant that has been running for over 30 years, and a respected art gallery/sales outlet, the security and the returns are excellent.

But that's not the only reason you'll buy this property. It's more than returns. It's a unique opportunity to own and preserve a piece of history, a connection to the community, a tile in the mosaic.

There are so many reasons people visit or move to Nimbin. On any day, the main street is a bustle of activity. Tourists, locals, business folk, day-trippers, farmers, or people just en-route to somewhere...it's the place to stop and rest, pick up a souvenir, meet a cheese maker or goat farmer or radical faerie or renowned artist.

The existence of an alternative culture in Nimbin was secured by the arrival of the Aquarius Festival in 1973 and has been accompanied by a prevalence of collective and public creativity: colourful and spiritually motivated art, including the now famous murals above shop awnings by local and internationally famous artists.

There is music, poetry, craft, art, food and fashion which can all be seen on the main street. All year round there are festivals drawing crowds in the thousands - Roots Music Festival, MardiGrass Festival, Aquarius Festival to name a few. The town is known as a hotspot for alternative social activities, grassroots political discourse, and radical social philosophies. It's also the centre of some of the best dairy farming and cheese making in the country. The Nimbin valley is thriving and people come from all over the world to visit.

Why wouldn't you want to own an important piece of it and reap the rewards of great income but also great community connection. And you can't put a price on community.

For more information on this exciting and rare investment opportunity, contact Brett McDonald at Raine and Horne Lismore on 0421 606 422. NDA will be required before confidential information can be provided.

DISCLAIMER: In preparing this document, we have used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

Property History for 70 Cullen St, Nimbin, NSW 2480

A timeline of how this property has performed in the market
Last Sold
$150,000
19 Sep 2001
  • 28 Jun 2024
    Listed for Sale $999,000 - $1,098,000
  • 12 Oct 2023
    Listed for Sale $999,000 - $1,098,000
  • 05 Dec 2007
    Listed for Sale $639,000
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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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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.