LAWD in conjunction with McCulloch Agencies is pleased to present for sale 154 St George Street, Mungindi a perfectly positioned commercial building, situated on a 613* square metre corner block in the main street of Mungindi.
The building consists of four shopfronts.
Two shopfronts are currently occupied by long-term tenants operating a takeaway cafe.
The sale will include six-month leases on the other two shopfronts that have been fitted out and utilised previously for a beauty and hair salon that could also be used as office/storage space.
Based on current outgoings the property has the potential to achieve an income of approximately $23,000* per annum or 8.25% net*.
NB. As a going concern, this property is potentially not subject to GST upon purchase.
For further information please contact Tara Seaton on 0419 499 873
The size of Mungindi is approximately 1081.2 square kilometres. The population of Mungindi in 2016 was 146 people. By 2021 the population was 124 showing a population decline of 15.1% in the area during that time. The predominant age group in Mungindi is 60-69 years. Households in Mungindi are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Mungindi work in a labourer occupation.In 2021, 68.00% of the homes in Mungindi were owner-occupied compared with 66.60% in 2016.
Mungindi has 144 properties. Over the last 5 years, Houses in Mungindi have seen a 234.14% increase in median value. As at 30 November 2025:
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