46-52 Market Street Merimbula NSW 2548

Burgess Rawson is pleased to offer 'The Galleria Arcade' at 46-52 Market Street, Merimbula for sale via our Investment Portfolio Auction 171.

The property has the following investment highlights:

+ Multi-tenanted retail investment offering diverse income streams with a high 8% 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

To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday, 17 September 2024
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed Burgess Rawson team for more information

*Approx