1/10-16 Brisbane StreetMurwillumbah NSW 2484
Property Details for 1/10-16 Brisbane St, Murwillumbah
Last Listing description (December 2020)
Situated on the prime corner of Murwillumbah CBD is Murwillumbah's best Chinese Restaurant.
This well established successful restaurant has been in operation for over a decade and has an enviable track record and loyal clientele. The tenant has just committed to a brand new 5 + 5 year lease at market rent.
The building is approximately 10 years old, and is a low maintenance modern concrete single level retail shop front.
INVESTMENT DETAIL:
- Brand new 5 + 5 year lease .
- Rental $47,530 per annum net.
- Outgoings 100% paid by lessee.
FEATURES:
- 121 sqm NLA (87 sqm internal + 34 sqm alfresco).
- Clean well presented restaurant.
- 2 designated parking spaces.
- Commercial kitchen with Exhaust canopy, cold room and grease trap.
- Main Road position with high exposure, directly opposite Sunny Side Mall.
PRICE:
UNDER CONTRACT - Contact Towers Francis Property.
For more information contact exclusive selling agents Towers Francis Property
Property History for 1/10-16 Brisbane St, Murwillumbah, NSW 2484
- 23 Sep 2020Sold for $670,000
- 15 Jul 2020Listed for Sale SOLD CONTACT TOWERS FRANCIS PROPERTY
- 08 Aug 2011Sold for $535,000
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0About Murwillumbah 2484
The size of Murwillumbah is approximately 12.0 square kilometres. There are 21 parks, covering nearly 10.4% of the total area. The population of Murwillumbah in 2016 was 7032 people. By 2021 the population was 7616 showing a population growth of 8.3% in the area during that time. The predominant age group in Murwillumbah is 60-69 years. Households in Murwillumbah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murwillumbah work in a professional occupation.In 2021, 65.70% of the homes in Murwillumbah were owner-occupied compared with 65.50% in 2016.
Murwillumbah has 4,154 properties. Over the last 5 years, Houses in Murwillumbah have seen a 41.86% increase in median value, while Units have seen a 39.28% increase. As at 31 May 2026:
- The median value for Houses in Murwillumbah is $932,605 while the median value for Units is $513,887.
- Houses have a median rent of $783 while Units have a median rent of $500.
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