4/116 Stuart Street Mullumbimby NSW 2482
The Kollective on Stuart Street4/116 Stuart Street, Mullumbimby
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.
- No inspections scheduled
- Contact Agent
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