10 Thompson Street
Murwillumbah, NSW 2484

Overview

10 Thompson Street, Murwillumbah NSW 2484

This property presents an excellent opportunity to acquire a fully tenanted multi-unit income asset, eligible for SMFS, located in an area with a critically low vacancy rate and strong tenant demand. The complex at 10 Thompson Street is a two-level, fibro-clad building with a tin roof, comprising three self-contained units set on a level allotment.

• Two 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit, all currently tenanted.
• Each unit includes an individual single lock-up garage.
• All units are under fixed term tenancies until November 2026, ensuring stable income.
• The property generates a gross yearly income of $71,250, with an appraisal suggesting a potential gross annual income of $81,640.

Rental income details are as follows:

• Unit 1: $600 per week, leased until January 2027 at market value.
• Unit 2: $400 per week, appraised between $450 and $480 per week, leased until November 2026.
• Unit 3: $370 per week, appraised between $450 and $480 per week, leased until November 2026.

Standard outgoings include council rates of approximately $4,070 per annum and water rates of approximately $960 per annum, totaling around $5,030 annually. This results in a current indicative net income of approximately $66,220 per annum, representing a 4.4% yield. The appraised indicative net annual income is approximately $76,610, representing a 5.1% yield. These figures exclude other potential outgoings such as insurance and management fees, and purchasers are advised to obtain their own quotes and perform their own calculations.

The property is situated in Murwillumbah's established eastern residential precinct, within walking distance of Murwillumbah Primary School and just 1.1 kilometers from the CBD. This location appeals to the core tenant demographic of working families, essential service workers, and long-term local renters who prioritize proximity to schools and amenities over coastal premiums. The area's vacancy rate is critically low, below 0.7%, with no significant new unit supply expected, indicating structural tenant demand rather than cyclical.

Nearby amenities and distances include:

• Gold Coast Airport: 35-minute drive
• Tweed Valley Hospital: 30-minute drive
• Kingscliff beaches: 20-minute drive
• Byron Bay: 45-minute drive
• Brisbane CBD: 90-minute drive

Disclaimer: All information provided, including property area, floor size, price, address, distances, travel times, and general property description, is offered as a convenience and has been supplied by third parties. It should not be solely relied upon, and prospective purchasers should conduct their own enquiries and seek legal advice regarding all information contained in this advertisement.

Location