80 & 82 Cullen Street, Nimbin NSW

For Sale

Retail

Offers to Purchase

1m2

A truly unique opportunity in the main street of Nimbin, which is a highly visited tourist destination in NSW, along with Byron Bay.

This dual site has taken over 10 years to obtain Development Approval and will be the only modern travel accommodation in Nimbin, an incredible monopoly.

It has the world famous Oasis cafe as an existing tenancy, ready to service the taste buds of visitors and guests. No restaurant required. A huge construction and staffing saving!

This asset has considerable holding income during the development stage and loyal continuing customers after completion. Due to health reasons this is a forced sale and a dream for another to complete.

- DA approval for 24 room boutique hotel plus already built Commercial businesses.
- Current Gross holding Income $128,277* (excluding recoverable outgoings)
- 11 Tenancies including Residential and Commercial, almost 100% occupied during 10 years of ownership.
- After construction it will be the only modern travel accommodation in Nimbin and comes with historically proven commercial income.

Offers to Purchase Closing - 19th October 2018

For further information or to arrange an inspection please contact Jared Hodge on 0404 809 580 or Aaron Neylan on 0401 282 299.