There are numerous commercial opportunities in towns and villages throughout NSW but very few retail and commercial spaces come to the market in the epicentre of top tourist towns, flood-free, and with the security of great returns and excellent long-term tenants.
With virtually all of Nimbin's main street spaces being tightly held for decades, those with investor-interest should take a closer look at this offering as, after 30 years, the owners of this incredible and well-maintained property are making way for a lucky new person to come and join the Nimbin business community.
Nimbin is the 3rd most visited tourist destination in Australia, with a steady visitation rate all year growing to overflowing at holiday or festival season. The colourful and culturally significant village has been often referred to as the "Village that never sleeps" - all auguring well for a successful commercial venture.
70 Cullen Street is situated in the golden triangle of the village, catching foot traffic from both directions of the main street past its door, as well as visitors to the park opposite AND traffic from Sibley Street, the adjacent Nimbin Hotel, and the Arts precinct. It currently has two excellent tenants, a pizza restaurant that has been running for over 30 years, and a respected art gallery/sales outlet. A look at the figures will reveal fabulous security and excellent returns!
So, apart from great returns, why buy into Nimbin? Quite simply, this is a connected community with an assured commercial longevity. It is assured because of the proven longevity and growth of an alternative culture in Nimbin, celebrated through multiple festivals per year including the Roots Music Festival, Mardi Grass Festival, Aquarius Festival to name a few. Since the inaugural Aquarius Festival in 1973 the village and surrounds have become a hub of music, poetry, craft, art, food and fashion in fact a collective of public creativity. Most notable is the colourful and spiritually motivated art, including the now famous murals above shop awnings by local and internationally famous artists. 70 Cullen Street is home to one such mural which in recent times has become the backdrop to many a 'tourist-selfie' the 60's and indigenous inspired dot-painting of a reclining figure in a stylized take on our National Emblem of the Emu and the Kangaroo.
Nimbin is thriving. It's also the centre of some of the best dairy farming and cheese making in the country. Throw in its world-class scenery and proximity to beaches and cities, and the town is assured of ongoing growth.
The building itself at 70 Cullen is a stand-alone timber construction with full glass frontage of cedar-framed multi-fold doors. It has a side driveway for valuable access, and this and the small yard area at the rear have been landscaped with paving and cottage gardens. The two retail premises at front are wide and user-friendly and have both undergone renovation in recent years, and the rear room of the building is a large and very well equipped kitchen space with extensive use of Stainless Steel.
For more information on this rare investment opportunity, please contact John Wilcox on 0428 200 288. NDA will be required before confidential information can be provided.
