Prominent Freestanding CBD Investment

Description

Burgess Rawson is pleased to offer ‘The Galleria Arcade’ at 46-52 Market Street, Merimbula for sale by Private Treaty.

The property has the following investment highlights:

+ Multi-tenanted retail investment offering diverse income streams with a high 7.7% net yield anticipated
+ Significant 1,309sqm landholding improved with well maintained 839sqm freehold retail premises
+ Strategic CBD location in close proximity to national tenants including Woolworths, McDonalds, Commonwealth Bank, Total Tools, Mitre 10 & Australia Post
+ Easy access to council car parking to the rear of the building as well as ample on street parking available
+ Attractive E2 commercial centre zoning providing potential future development upside (STCA)
+ Merimbula: year round coastal tourist hotspot for Sydney, Melbourne, Canberra and other holiday makers
+ Bega Valley Shire: fast growing jewel of the NSW’s south coast, population is forecast to grow by 10.42% by 2036
+ Desirable net leases in place
+ Net Income: $290,024 pa* + GST

For Sale by Private Treaty

Please contact the exclusively appointed Burgess Rawson team for more information

*Approx

Enquire

Contact agents
Kieran Bourke Partner
0417 418 007
Flynn McFall Sales Executive
0481 187 191
John Ingui Cadet
0486 011 406
Enquiry Form

Merimbula, NSW

46-52 Market Street

For Sale

This property is part of Portfolio 171

Price: Contact Agent

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