Skip to main content
42 Recreation Street
Tweed Heads NSW 2485
SearchBack to results
Sold on 12 Aug 2016

42 Recreation Street Tweed Heads NSW 2485

  • Development / Land
  • 1,088 m²
  • Sold

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.

     RBR Property Consultants
    RBR Property Consultants
    237 Boundary Street
    Coolangatta, QLD 4225

    Property Highlights

    Date Sold12 Aug 2016
    Floor Area1 m²
    Land Area1,088 m²
    ParkingAsk Agent
    Property ID2019243919
    Category
    Last updated  15 May 2024
    Map for 42 Recreation Street Tweed Heads NSW 2485

    Nearest transport* to 42 Recreation Street Tweed Heads NSW 2485

    Bus
    Train
    Tram
    Ferry
    Did you find this helpful?
    Yes
    No
     RBR Property Consultants
    RBR Property Consultants
    237 Boundary Street
    Coolangatta, QLD 4225

    Property Highlights

    Date Sold12 Aug 2016
    Floor Area1 m²
    Land Area1,088 m²
    ParkingAsk Agent
    Property ID2019243919
    Category
    Last updated  15 May 2024

    Listed by

    Melissa Young
    RBR Property Consultants
    Call
    0487210773

    More about 42 Recreation Street Tweed Heads NSW 2485

    42 Recreation Street Tweed Heads NSW 2485 is categorized as Land & Development Property. It has a floor area of 1 m² and a land area of 1,088 m². The listing ID for this property is 2019243919.

    More Development / Land for Sale in Tweed Heads NSW

    Sold$1,975,000
    4 ivory crescent,tweed heads, NSW 2485
    873 m²
    Development / Land
    Sold
    1-3 soorley street,tweed heads, NSW 2485
    4,481 m²
    Development / Land
    Sold
    46-48 recreation street,tweed heads, NSW 2485
    600 m²
    Development / Land