Merimbula Investment Opportunity - 93% leased, $306k annual net rent

Description

Welcome to 46-52 Market Street, Merimbula – an unparalleled investment opportunity in the heart of this thriving coastal town. This single level retail and services building, strategically positioned on Merimbula's main street.

Key Features:
• Strategic Exposure: Gain maximum visibility on Merimbula's main shopping street, ensuring your tenants enjoy a prominent position.
• Parking Convenience: 2 rear car parks, complemented by on street and extra rear public parking, providing seamless access for both tenants and customers.
• Diversified Income Stream: With an impressive 93% occupancy rate and income generated from 8 diverse tenants, this property promises a stable and varied revenue stream, adding to its appeal.
• NLA: Total net lettable area of approximately 839.4m2.
• Land Area: Land area of 1,289m2, this property provides a substantial footprint in a coveted location, ensuring ample space for potential future redevelopment or enhancements.
• Income: Fully leased with an annual net rent of approximately $306,840.
• Modernised Infrastructure: Recent upgrades to the arcade space and common areas of the building guarantee a contemporary and attractive environment for tenants.

Merimbula Airport is serviced by both Rex and Qantas, with 3 daily flights to Sydney and 2 to Melbourne.

For more information please contact Andrew Smith on 0409 600 471.