112-114 Riverside Drive
Tumbulgum


$595,000

Property Features


Property ID: 3206796

Building Size
517 m2
Land Size
980.00 m2

HOT NEW YEAR PRICE - Waterfront Commercial & Residence'


One of the rarest opportunities in the popular riverside town of Tumbulgum on the Tweed Coast has hit the market.
 
This outstanding parcel of land (with large shed / workshop plus rear 4 bedroom residence) overlooks the Pristine Tweed River system has a broad range of opportunities for enhancement  or redevelopment for a mix of both residential and commercial uses.
 
Tumbulgum is an Historic town which has a heavy tourist trade all year round adding extra support to the sites long term potential.

DETAILS & ZONING:
- Lot 1 DP 799347 & Lot 3 DP 1223
- Zoning = RU5 -Village
- Land area 980m2 total
- Max Building Height =13.6m
- Floor Space Ratio = 2.1
- Minimum Lot Size for each dwelling =450m2
- Defined Flood Level =3.9m AHD
- PMF Flood Level =Part High Flow/ Part Low Flow
- Workshop 517m2
-Older home at rear (fair condition)
- Total market rent $850 -$1,000 per week

LOCATION;
The tranquil village of Tumbulgum is just a casual 10/15 minute drive South of Tweed Heads/Coolangatta or 10 minutes North of Murwillumbah.
 
Tumbulgum is anchored by the Historical Tavern & complimented by (3) cafe's, general store & gallery.
 
In addition , the village has its own Primary School, Tennis courts , Town Hall & boat ramp/jetty which is a mere 50m from your front driveway.
 
The site has direct route to the pacific highway and only 10 minutes to the City of Tweed Heads and Coolangatta / Gold Coast.
 
The Coolangatta Airport and Southern Cross University is within 15 minutes.
  
AGENTS COMMENTS & KEY FOOT NOTES :

1. Large shed does require work, in particular roof & guttering

2. Residence at the rear is in fair condition

3. Preliminary meeting with Council & town planners was supportive for Motel Accommodation / as well as other commercial uses such as Marine, cafe & retail

4. The eventual sale price for the Commercial Contract, may attract GST '
 
Motivated seller with clear instructions to sell & has reduced the list price substantially to obtain a prompt sale.

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