42 Recreation Street,
Tweed Heads, NSW 2485
Development Sites & Land
Key property information
Land area
Floor area
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Map of 42 Recreation Street
SOLD BY CRAIG PARSONS
This large commercial premises is being offered for sale with existing tenancies in place, currently operating a popular local retail butchers with a fruit and vegetable business. A wholesale butcher business will also be included, increasing the return by a further $36,000 p.a.
* Land - 1088sqs
* Zoning - R3 medium density
* Height - 22 metres (6 stories S.T.C.A.)
* F.S.R. - 2.25:1 (2448 GFA)
* Income -$92,400 p.a. (nett $84,000)
* 100% of outgoings paid by tenants.
Currently there is a 5 year lease over the property that has 4 years remaining with a "5 Year Option Period" to renew & 4% CPI increases annually.
The current landlord will form part of the sale with a new lease to include the wholesale butcher business, increasing the nett return to $120,000 p.a. (approx).
Take advantage of this excellent opportunity with cash flow and redevelopment upside giving more value for the future.
* Land - 1088sqs
* Zoning - R3 medium density
* Height - 22 metres (6 stories S.T.C.A.)
* F.S.R. - 2.25:1 (2448 GFA)
* Income -$92,400 p.a. (nett $84,000)
* 100% of outgoings paid by tenants.
Currently there is a 5 year lease over the property that has 4 years remaining with a "5 Year Option Period" to renew & 4% CPI increases annually.
The current landlord will form part of the sale with a new lease to include the wholesale butcher business, increasing the nett return to $120,000 p.a. (approx).
Take advantage of this excellent opportunity with cash flow and redevelopment upside giving more value for the future.
Tweed Heads, 2485 demographic data
The median household income for Tweed Heads is $1,138, 21% lower than Regional New South Wales's household income of $1,434. Tweed Heads has an older age profile compared to the rest of Regional New South Wales (median age 55 vs 43). Property ownership data shows 32% of property owners in Tweed Heads have a mortgage.
9,176
Population
$1,138 per week
Median household income
55 years
Median age
Owners
Most residents
Families
Most households
04872107...
42 Recreation Street
Tweed Heads, NSW 2485
RBR Property Consultants - COOLANGATTA237 Boundary Street
COOLANGATTA, QLD 4225
COOLANGATTA, QLD 4225
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