« SIMILAR Save this property

4/116 Stuart Street Mullumbimby NSW 2482

NO INSPECTIONS SCHEDULED
Email Agent
2 1 1
$525.00 per week

The Kollective on Stuart Street

4/116 Stuart Street, Mullumbimby
"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.
EXPAND…
Click to enlarge

Inspection Times

Key Features

  • No features specified
Last updated 10:01AM on Aug 9th 2019
« SIMILAR Save this property

Email this agent

By clicking submit I agree to the terms and conditions, privacy policy and to receive correspondence from The Home Page and Williams Media

Email sent successfully!

Your email has been sent.

Would you like to get The Real Estate Conversation?

First National Byron

35 Fletcher Street
Byron Bay NSW, 2481

Agent Information

More property from First National Byron
14B Alcorn Street8/18 Sunrise Boulevard262 The Manse Road17/18 Sunrise Boulevard4/116 Stuart Street9/18 Sunrise Boulevard
« SIMILAR Save this propertyCLOSE

Email this agent about 4/116 Stuart Street Mullumbimby 2482 NSW

Email sent successfully!

Your email has been sent.

Would you like to get The Real Estate Conversation?

First National Byron

35 Fletcher Street
Byron Bay NSW, 2481

Agent Information

More property from First National Byron
14B Alcorn Street8/18 Sunrise Boulevard262 The Manse Road17/18 Sunrise Boulevard4/116 Stuart Street9/18 Sunrise Boulevard