Burgess Rawson is pleased to offer 'The Galleria Arcade' at 46-52 Market Street, Merimbula for sale via Expressions of Interest. The property has the following investment highlights: + Multi-tenanted retail investment offering diverse income streams with a high 8% net yield anticipated + Significant 1,309sqm landholding improved with well maintained 839sqm freehold retail premises + Strategic CBD location in close proximity to national tenants including Woolworths, McDonalds, Commonwealth Bank, Total Tools, Mitre 10 & Australia Post + Easy access to council car parking to the rear of the building as well as ample on street parking available + Attractive E2 commercial centre zoning providing potential future development upside (STCA) + Merimbula: year round coastal tourist hotspot for Sydney, Melbourne, Canberra and other holiday makers + Bega Valley Shire: fast growing jewel of the NSW's south coast, population is forecast to grow by 10.42% by 2036 + Desirable net leases in place + Net Income: $290,024 pa* + GST To be sold via Expressions of Interest Closing 3:00pm AEST Wednesday 2 October 2024 Please contact the exclusively appointed Burgess Rawson team for more information *Approx
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