10 Thompson Street, Murwillumbah, NSW 2484

$1,500,000

Block Of Units
Type
7
Bedrooms
3
Bathrooms
3
Parkings
601 m²
Area

Last updated on Friday, June 12, 2026 ( See property details for 10 Thompson Street, Murwillumbah, NSW 2484)

$1,500,000

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A well-positioned, fully tenanted multi-unit complex in Murwillumbah offering strong income potential and low vacancy rates.

🏡 Property Highlights

  • Fully tenanted multi-unit income asset with strong tenant demand in a low vacancy area.
  • Consists of three self-contained units, including two 2-bedroom and one 3-bedroom configurations.
  • Set on a level 601 m² allotment with individual lock-up garages for each unit.
  • Currently generating a gross income of $71,250 annually, with potential to increase to $81,640.
  • Located within walking distance to Murwillumbah Primary School and close to the CBD.
  • Low vacancy rate below 0.7%, ensuring consistent rental income.

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly

Murwillumbah is a vibrant regional town renowned for its strong community, excellent amenities, and proximity to natural attractions. The area offers a diverse mix of established residential precincts, with excellent access to schools, healthcare, and transport links. Its low vacancy rate and limited new development make it an ideal location for long-term rental stability. The town’s rich cultural scene and scenic surroundings attract working families and long-term tenants seeking a relaxed lifestyle. With easy access to the Gold Coast, Byron Bay, and Brisbane, Murwillumbah combines regional charm with connectivity.

What is the current rental income and potential for growth?
The property currently generates a gross annual income of $71,250, with potential to increase to approximately $81,640 based on appraised rents.
Are the units fully tenanted and lease terms secure?
Yes, all three units are fully tenanted on fixed-term leases until November 2026, providing stable income.
What are the ongoing costs associated with the property?
Standard outgoings include council rates of approximately $4,070 and water rates of about $960 annually, totaling around $5,030 per year.
Is there potential for future development or expansion?
The property is set on a level allotment with no current plans for development, but future expansion opportunities should be confirmed with local council.
What is the condition of the property and any recent upgrades?
The complex is fibro-clad with a tin roof; detailed condition reports should be obtained, but the property is well-maintained for rental purposes.
Are there any hidden costs or upcoming maintenance requirements not disclosed? Has the property been inspected for asbestos or other hazardous materials? Are there any zoning restrictions or easements affecting the property? Is the property located in a flood or bushfire-prone area? Are there any planned developments or construction projects nearby that could impact the property? What are the strata or body corporate arrangements, if applicable? Are there any existing or potential issues with the building's structure or services? What are the terms of the current leases, and are there any rent review clauses? Are there any restrictions on property modifications or renovations? What are the long-term prospects for rental demand and property value in this area?

10 Thompson Street, Murwillumbah, NSW 2484 - More Details

$1,500,000

Type
Block Of Units
Bedrooms
7
Bathrooms
3
Parkings
3
Area
601 m²

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