315 Tweed Valley WaySouth Murwillumbah NSW 2484
Property Details for 315 Tweed Valley Way, South Murwillumbah
Last Listing description (June 2021)
This investment is a freehold "state of the art" professional office building leased to long standing leading charted accountancy firm in the heart of dynamic Murwillumbah.
KEY ATTRIBUTES:
- "A Grade" Architecturally designed 3 level office building.
- Outgoings 100% paid by lessee.
- Net income in year 1: $110,000 per annum
- Fixed annual rental reviews: 3%.
- Building approximately 8 years old: Depreciation allowances.
FEATURES:
- 490sqm net lettable area of two levels.
- 14 parking spaces on grade on lower level accessed from rear.
- Excellent street appeal in easy to find location.
- Spectacular views with abundant natural light.
- Contemporary professional office fit out.
PRICE:
$1,650,000 - representing 6.6% net return in year 1.
For more information, contact exclusive selling agents Towers Francis Property today.
Property History for 315 Tweed Valley Way, South Murwillumbah, NSW 2484
- 11 Feb 2021Sold for $1,650,000
- 15 Dec 2020Listed for Sale UNDER CONTRACT CONTACT TOWERS FRANCIS PROPERTY
- 22 Dec 2008Sold for $366,500
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About South Murwillumbah 2484
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 873 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:
- The median value for Houses in South Murwillumbah is $758,769 while the median value for Units is $670,621.
- Houses have a median rent of $650.
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