DJ Stringer Commercial is proud to be appointed to market this entire commercial freehold complex for sale, with income producing tenancy & endless development options.
This dual level iconic establishment, in the heart of Tweed CBD, is proudly positioned on the corner of Bay St and Navigators Lane, which is undergoing considerable development projects and government funded streetscaping & beautification works.
The property currently provides substantial rental income from the ground level tenancy which is secured on a 3+3 YEAR LEASE.
The remaining space is vacant which can be re-configured & modernised for the large owner occupier & or future tenancies if required - otherwise hold and redevelop later up to 10 levels.
- Land area 670m2
- Bay Street frontage approximately 40m & Navigation Lane frontage approximately 40m
- Zoning is 'City Centre, Business Zone B3, Commercial Core'
- Building height for redevelopment is 34m
- Total floor area is approximately 990m2 being, ground level 670m2 & first level around 320m2
This premier development property is nestled between the new high rise developments, Ultima Harbourside & Tweed Ultima & is diagonally opposite the Tweed Centro Shopping Centre.
You will enjoy being moments to Tweed Hospital and Twin Towns & a mere (5) minutes to Coolangatta Airport & Southern Cross University.
This region is extremely popular given it is on fringe of the Southern Gold Coast and continues to benefit from federal, state & local infrastructure projects.
Surrounded by residential, commercial and a smorgasbord of retail & cafes, this boutique 'Bay Street' strip hub very unique, especially given its close proximity to Coolangatta CBD & beaches, which are within walking distance.
The prestige and pride of ownership in securing such a strong investment property with huge development upside, in the central business district of one of Australia's beach resort townships, is bolstered by the flow-on effect of massive current city centre development projects, strong population growth and the looming tourist boom.
Whether you plan to develop, enhance to increase rental income & or occupy all or part of it yourself, then this property is a very smart choice.
CONTACT- Exclusive Agents, DJ Stringer Property Services.