Set in the township of Tumbulgum is a fantastic opportunity to acquire a substantial commercial holding totally freehold with strong leases in place.
The local store holds the “Anchor tenant” of Australia Post that is fully established with upside and is an ongoing license with the general store as a freehold basis.
Other tenancies include the local cafe, 3 bedroom house, storage facility and local jetty, in which the owner has 50% usage with the current
tenant paying public liability and all relevant insurances

STATS :
- Land size – 608sqs further site amalgamation can be acquired.
- Zoning – 2nd Village
- Rates – $3294.85 approx annually
- Land Tax – $760.40 approx annually
- Netting approx $82,900.

The position of the premises is of the highest point of the local township with a total population of over 350 residents.
The local town has a huge passing tourist trade with the local historic tavern offering a wonderful outlook over the Tweed River with a high intake in the summer months for local water sports enthusiasts.

For a full property report and lease breakdown please call James Francis.