An investment opportunity just off Tweed Valley Way in north-eastern NSW has been sold for $850,000 through REAL Specialists Commercial.

Situated at 29-35 Prospero St, South Murwillumbah, the multi-tenanted investment benefits from the exposure of three street frontages and is only a short walk to Murwillumbah CBD.

The property is fully leased with four individual tenants, which generate an annual rental return of $80,000* net + GST.

Source: REAL Specialists Commercial

At a glance: 

• An investment opportunity at 29-35 Prospero St, South Murwillumbah has been sold for $850,000 through Assi Dadon of REAL Specialists Commercial.
• The property is fully leased with four individual tenants, which generate an annual rental return of $80,000* net + GST.
• Zoned B5 Business Development, the total land area for the site is 2,428 square metres, of which 1,103m2 is net lettable area.

Source: REAL Specialists Commercial

Zoned B5 Business Development, the total land area for the site is 2,428 square metres, of which 1,103m2 is net lettable area.

There is also the opportunity for future development, with a proposal of balance land including an additional 655 square metres over three tenancies.

Selling agent Assi Dadon of REAL Specialists Commercial said the property had been snapped up by a local investor. 

*Approximately

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