26-28 Frances Street, Tweed Heads, New South Wales 2485

Expressions of Interest Closes 30h June 2020,3pm

Date listed: 23/5/2020
Commercial 0 0
 

Magic Re-development opportunity with diverse holding income streams.

Tweed Heads hottest location launches a unique product and arguably in one of the best positions and location of Greenbank Island. The property is currently being operated as a motel and is undoubtedly Tweeds leading motel and the only motel operation on the riverside of the main street leading into the Tweed CBD and Coolangatta.

The location of this wonderful re-development opportunity is in the highly sought after Greenbank Island where large amounts of opportunities are well sought after from the development and for high end investor portfolios. The land has a double street frontage with a commanding position second to none on the market today, with its land size, fantastic redevelopment upside and powerful location to all amenities to compliment the fast growth of Tweed Heads City and Southern Gold Coast area.

MOTEL PROPERTY FEATURES:

* 15 Self Contained Units
* 6 Motel Units
* 1 x 4 bedroom family residence
* Million dollar plus renovation
* Existing commercial kitchen
* Inground pool and BBQ facilities
* Green footprint operations (low running costs)
* Freehold Going Concern

RE- DEVELOPMENT FEATURES:

* Zoning - R3 Medium Density
* Land - 1859sqs
* FSR - 1.8:1 (3346m2)
* Height - 22 Metres
* Frontages - Frances Street - 36 Metres
- Mcgregor Street - 36 Metres

The property has undergone extensive renovation and has had outstanding growth in Turnover and net position as a motel operation, whilst also offering the opportunity for permanent and short term accommodation if desired. This ideal location is directly accross the road from the Tweed Heads Mall, harbouring major retailers of Woolworths, Coles, Aldi, Target, Rivers and all the modern specialty shops for complete convenience. The Tweed River, world class surfing and beach locations are in an easy stroll from the property with all the areas major entertainment venues just minutes away as well.

"The property is offered for sale by way of Expressions Of Interest Closing 30th June 2020 3:00pm."

For a full comprehensive information memorandum, with full town planning reports, income flows and rental models please call RBR Commercial, Craig Parsons 043334... or Email - craig@rbr.com.au

Property type
Commercial
Bedrooms
0
Car spaces other
0
Bathrooms
0
Property status
Just listed
Land size
1859 square mtr approx.
26-28 Frances Street
Tweed Heads
New South Wales 2485
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