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5-7 Lundberg Drive
South Murwillumbah NSW 2484
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Sold on 5 Oct 2023

5-7 Lundberg Drive South Murwillumbah NSW 2484

  • Factory, Warehouse & Industrial
  • 1,264 m²
  • Sold

FULLY LET, MULTI-TENANTED FREEHOLD INVESTMENT

    Towers Francis Property are delighted to offer 5-7 Lundberg Drive, Murwillumbah, to the public market for the first time ever!

    This multi-tenanted 7-unit industrial complex represents a rare opportunity for the astute investor to acquire a hassle-free guilt-edged income stream with an annual net return of $146,133 with all outgoings recovered by the tenants.

    The staggered lease expiry and the tenancy profile will provide a secure income stream for years to come.

    Tenants include Neverfail, a Wholly owned subsidiary of Coca-Cola, Randbuild, and several local tradespeople on net lease for ease of management administration.

    Property Particulars:

    - 2,886 sqm site area.
    - 1,264 sqm net lettable area.
    - 7 high clearance warehouse units.
    - Zoned General Industrial under the Tweed Shire LEP.
    - Annual rental reviews with staggered lease expiry.

    Price: $2,250,00 showing a 6.5% return today.

    For full details and Information Memorandum, don't hesitate to get in touch with the exclusive selling agents at Towers Francis Property.

    Craig Norrie
    0487 343 407

    Towers Francis Property
    Towers Francis Property
    Suite 2B Tweed Office Park 24-28 Corporation Circuit
    Tweed Heads South, NSW 2486

    Property Highlights

    Date Sold5 Oct 2023
    Floor Area1,264 m²
    Land Area2,886 m²
    Parking16 x Onsite parkings
    Property ID2018687052
    Category
     Factory, Warehouse & Industrial
     Development / Land
    Last updated  7 Jan 2024
    Map for 5-7 Lundberg Drive South Murwillumbah NSW 2484

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    Towers Francis Property
    Towers Francis Property
    Suite 2B Tweed Office Park 24-28 Corporation Circuit
    Tweed Heads South, NSW 2486

    Property Highlights

    Date Sold5 Oct 2023
    Floor Area1,264 m²
    Land Area2,886 m²
    Parking16 x Onsite parkings
    Property ID2018687052
    Category
     Factory, Warehouse & Industrial
     Development / Land
    Last updated  7 Jan 2024

    Co-Agents

    Chris Towers
    Chris Towers
    Towers Francis Property
    Call
    0414 298 292
    Craig Norrie
    Craig Norrie
    Towers Francis Property
    Call
    0487343407

    Enquire about this property

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              More about 5-7 Lundberg Drive South Murwillumbah NSW 2484

              5-7 Lundberg Drive South Murwillumbah NSW 2484 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 1,264 m² and a land area of 2,886 m². There are 16 x onsite parkings.The listing ID for this property is 2018687052.

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