Situated in the heart of Kingscliff's tightly held esplanade commercial zone, this 540m² MU1 Mixed Use site presents an exceptional opportunity for investors. Only moments from the beach, dining, and retail precincts, this site offers prime potential for a landmark project that brings together lifestyle, business, and investment appeal. The property currently features four apartments on short-term leases, generating a solid holding income with the flexibility to transition to long-term residential or commercial tenancies as needed. KEY HIGHLIGHTS: • High Income Returns ($100k plus) * • 4 Units on One Title • Option to strata and sell down (add value) • Option to re develop the site as per DA or other uses available under the mixed use zoning (STCA) • Buy at Land Value • Take advantage of Kingscliff growth corridor and pending rate cuts to ensure plenty of capital growth • Motivated Vendors - Will be Sold! RENTAL INCOME: Approx. $101,400 Gross per annum * MIXED USE ZONING (MU1): Allows a broad range of commercial and residential uses, including hospitality, office, healthcare, and boutique living (refer to LEP 2014^). APRROVED DEVELOPMENT APPLICATION (DA22/0384): Development consent in place for a shop-top housing project with approx. 882m² of gross floor area, featuring: • 2 ground-level commercial tenancies • 4 high-end residential apartments • Secure ground-floor parking for 10 vehicles DUAL STREET ACCESS: High-visibility frontage to Seaview Street plus convenient rear lane access and secure parking. PRIME LOCATION: Walk to Kingscliff Beach, Surf Club, Kingscliff Shopping Village (Woolworths), St Anthony's Primary School, restaurants, cafés, and bars. EXCELLENT CONNECTIVITY: • 5 minutes to the new Tweed Valley Hospital • 10 minutes to the M1 motorway • 20 minutes to Gold Coast International Airport • 45 minutes to Byron Bay PROPERTY OVERVIEW Address: 6 Seaview Street, Kingscliff NSW 2487 Land Area: 540m²* Zoning: MU1 – Mixed Use (Tweed LEP 2014) Local Authority: Tweed Shire Council Planning Scheme: Tweed Local Environmental Plan 2014 TENANCY SCHEDULE (Current Use): • Unit 1/6 Seaview Street is leased at $550 per week, paid to 10 April. The lease runs from 10 May 2024 to 7 November 2024, and is currently month-to-month. • Unit 2/6 Seaview Street is achieving $500 per week, with rent paid to 13 April. The lease commenced on 13 October 2023 and ends on 12 October 2024 under a fixed-term arrangement. • Unit 3/6 Seaview Street is leased at $550 per week, with rent paid through to 20 April. The lease term is from 7 April 2025 to 21 July 2025. • Unit 4/6 Seaview Street is currently rented at $350 per week, paid to 2 April. The original lease ran from 23 April 2020 to 21 October 2020, and the tenant is now on a month-to-month basis. Total Gross Rental Income: Approximately $101,400 per annum *. DEVELOPMENT APPROVAL SUMMARY DA Reference: DA22/0384 Approval Date: 22 January 2024 Description: • Construction of a mixed-use development including: • Ground Floor: 10 secure car parks (7 for residents, 3 for visitors/staff), waste and storage areas • First Floor: 2 x 2-bedroom residential units • Second Floor: 1 x 3-bedroom unit • Third Floor: 1 x 2-bedroom unit with a multi-purpose room (easily convertible to a 3rd bedroom) and private pool This is a rare opportunity to secure a premium site in one of the Northern Rivers' most in-demand coastal locations. Ideal for developers, investors, or land bankers seeking a high-impact project with approved plans in place. All figures marked with an asterisk (*) are approximate and should be independently verified. ^Please refer to the Tweed Local Environmental Plan 2014 for complete zoning and permitted use details.* All Inspections available by private appointment Contact Agents: Shaun Cardillo E: [email protected] M: 0416 190 170 Nick Witheriff E: [email protected] M: 0405 618 477
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Propriedade ID: 147936304
Original Propriedade ID: 147936304