4/116 Stuart StreetMullumbimby NSW 2482
Property Details for 4/116 Stuart St, Mullumbimby
4/116 Stuart St, Mullumbimby is a 2 bedroom, 1 bathroom House with 1 parking spaces.
Last Listing description (August 2019)
'The Kollective' at 1-4/116 Stuart Street presents a rare opportunity to secure a solid and unique investment right in the heart of Mullumbimby. Consisting of four units this strata tiled property has been purpose designed to be a Live/Work Community designed specifically as a creative community for like-minded small business owners to live and work.
Each unit is two storey in design with each unit consisting of an upstairs bedroom, walk in robe, bathroom and dresser/study, and featuring an open plan kitchen/lounge, private deck & garden on the lower level. Two reverse cycle air-conditioners, ceiling fans and solar electricity feature in each unit.
At the Kollective creative industries and start-ups are encouraged, with the idea of a hub of a thriving community of small business' with ease of access to the CBD of Mullumbimby. A truly brilliant concept and an exciting opportunity awaits here.
Benefits of this proposition include:
Based on the net income of $88k, an asking price of $2m, represents a 4.4% return.
The property has significant depreciation benefits available (for the next 7 yrs)
The property is made up of 4 dwellings on one title, this reduces vacancy risk.
The purchaser will be dealing with one other owner on the body corp.
The property is brand new and consequently repairs and maintenance will be very low.
Minimal common areas to maintain keeps operational costs low
Modern fit out, with the construction completed in January 2019
The purchaser will be gaining exposure to an established local housing brand - The Kollective (with significant expansion plans)
The flexible layout of the townhouse (refer to the floor plan) broadens the tenant base. Maximising return and minimising vacancy.
Future rezoning proposed.
Property History for 4/116 Stuart St, Mullumbimby, NSW 2482
- 17 Jul 2019Listed for Rent - Price not available
- 21 Jan 2019Listed for Rent $525 / week
Recent sales nearby
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About Mullumbimby 2482
The size of Mullumbimby is approximately 27.6 square kilometres. It has 10 parks covering nearly 2.8% of total area. The population of Mullumbimby in 2016 was 3596 people. By 2021 the population was 4180 showing a population growth of 16.2% in the area during that time. The predominant age group in Mullumbimby is 50-59 years. Households in Mullumbimby are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mullumbimby work in a professional occupation.In 2021, 67.00% of the homes in Mullumbimby were owner-occupied compared with 65.80% in 2016.
Mullumbimby has 2,409 properties. Over the last 5 years, Houses in Mullumbimby have seen a 24.12% increase in median value, while Units have seen a 42.40% increase. As at 30 November 2025:
- The median value for Houses in Mullumbimby is $1,118,382 while the median value for Units is $788,080.
- Houses have a median rent of $940 while Units have a median rent of $635.
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