One the most well positioned properties, of its size, potentially with an absolute tonne of upside has entered the Commercial Real estate arena. It has been tightly held by a local family for over 55 years owned and operated as an extremely popular tourist destination for interstate holiday makers and also the international market place.
Cabarita/Bogangar beach is nestled in the evolving fast moving coastal area of the Tweed Shire. The site itself is based over 4 titles with a land area of 2822 /m2 and is unrivaled within the immediate area of its kind and zoning.
The property was approved by the NSW Major planning department in 2012 for a 23 lot beachside unit development with a literal distance of less than 100 metres to beach and local township in both directions. It will be one the most highly sort after opportunities the local area has seen in many many years. Currently supported financially by its caravan park operations it is the only operating park in the local township with plenty of room for growth in operations and turnover.
Property Features:
Land - 2822m2
Two street frontages
4 Separate Titles
R3 Medium Density Zoning
Multiple upside opportunities
Income Stability
100 metres to beach and local town centre
Original 23 Unit DA (Currently lapsed)
Agents Comments:
The property has been offered for sale by way of expressions of interest and is expected to be bring large amounts of enquiry from local identities, developers and interstate investors, with a premium result expected on sale.
"Its One of best commercial opportunities I have been given the opportunity to handle, rarely have I seen these types of properties come up in the area at all. Private caravan park operations have been a real appetite in the local surrounds and further areas for some time, with large amounts of enquiry but very little privately owned opportunities exist to purchase.
