OVERVIEW
+ Brand new freestanding Coles Express Service Station and convenience store in popular tourist location
+ High exposure strategic corner on main arterial roads providing access to Murwillumbah town centre
+Brand new improvements providing excellent tax saving depreciation benefits
+ Ten (10) year Net Lease to Coles Express plus three (3) options of ten (10) years each
+ Net income of $345,000 pa* with increases of 3.25% pa*
LOCATION
+ Less than 25 minute drive to Coolangatta airport & the Gold Coast
Private Sale
For further information please contact the CBRE Freestanding Retail Investments team:
Darren Collins
+61 404 781 787
Sergio Demetriou
+61 421 322 324
Kevin Tong
+61 422 848 818
*approx
The size of South Murwillumbah is approximately 11.3 square kilometres. It has 4 parks covering nearly 0.4% of total area. The population of South Murwillumbah in 2011 was 1,063 people. By 2016 the population was 1,110 showing a population growth of 4.4% in the area during that time. The predominant age group in South Murwillumbah is 50-59 years. Households in South Murwillumbah are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Murwillumbah work in a labourer occupation. In 2011, 59.2% of the homes in South Murwillumbah were owner-occupied compared with 63.6% in 2016.
South Murwillumbah has 872 properties. Over the last 5 years, Houses in South Murwillumbah have seen a 62.43% increase in median value, while Units have seen a 121.21% increase. As at 31 October 2024:
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