Carpets On The Move, Tweed Hea/145 Minjungbal Drive

Tweed Heads South NSW 2486

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Sold on 3 May 2023

Carpets On The Move, Tweed Hea/145 Minjungbal Drive Tweed Heads South NSW 2486

Shop & Retail
329 m²
Sold

Affordable Retail Investment - Bustling Tweed Heads Corridor

Tenant in Occupation 12+ Years
Prime Position in Key Retail Precinct
Fixed 3% Annual Rent Increases

Stonebridge National Investment Sales is pleased to present to the market, Carpets On The Move Tweed Heads, for sale via National Portfolio Auction on Wednesday 3 May at 11am.

The asset has the following key investment features:

- Secure 5 year net lease to 2026 + options to 2036 with fixed 3% annual rent increases

- Carpets On The Move - Established and successful local retailer in occupation for over 12 years

- Prime 845 sqm* site in the Northern Rivers' premier retail and industrial precinct, home to a wide array of national tenants including Bunnings, ALDI, BCF, Harvey Norman, Autobarn, KFC, Hungry Jack's, 7-Eleven, McDonald's and Dan Murphy's

- Well-appointed 329 sqm* retail showroom with prominent signage exposed to key arterial, Minjungbal Drive

- Ideal position just 400m* from the Pacific Motorway M1, carrying 67,690+* vehicles daily and minutes from world-famous beaches, Rainbow Bay and Snapper Rocks

- Highly trafficked location along Tweed Heads retail 'Magic Mile', only 150m* from Tweed City Shopping Centre, anchored by Coles, Woolworths, Big W & K-mart, welcoming over 5.5 million* visitors annually

- Tweed Heads - Dynamic NSW region with over $1 billion worth of significant infrastructure projects recently completed or underway and neighbouring Australia's largest non-capital city, the Gold Coast, set to explode to 1.2 million residents by 2050

- Northern Rivers - Premier tourist destination home to world-famous beachfront towns such as Byron Bay, boasting an annual economic output of $34.9 billion+

- Net Lease - Tenant pays all outgoings including Land Tax, Insurance and Repairs & Maintenance

- Lease secured by 3 Month Bank Guarantee & Directors' Personal Guarantees

- Net income $82,400* pa + GST

*Approximately

Carpets On The Move Tweed Heads is for sale via National Portfolio Auction to be held on Wednesday 3 May at 11am.

Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 637

AUCTION

Auction date and time	03/05/2023 11:00
Auction location	See description

Stonebridge Property Group

Level 7, Martin Place

Sydney, NSW 2000

Property Highlights

Date Sold	3 May 2023
Floor Area	329 m²
Land Area	845 m²
Parking	Ask Agent
Property ID	2018456557
Category	Shop & Retail Factory, Warehouse & Industrial Showrooms / Bulky Goods
Last updated

Map for Carpets On The Move, Tweed Hea/145 Minjungbal Drive Tweed Heads South NSW 2486

Nearest transport* to Carpets On The Move, Tweed Hea/145 Minjungbal Drive Tweed Heads South NSW 2486

Bus

Train

Tram

Ferry

Minjungbal Dr Before Soorley St	88 m
Minjungbal Dr After Rivendell Rd	136 m
Minjungbal Dr After Shallow Bay Dr	275 m
Machinery Dr After Amber Rd	288 m

*Within a 4km radius

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Stonebridge Property Group

Level 7, Martin Place

Sydney, NSW 2000

Property Highlights

Date Sold	3 May 2023
Floor Area	329 m²
Land Area	845 m²
Parking	Ask Agent
Property ID	2018456557
Category	Shop & Retail Factory, Warehouse & Industrial Showrooms / Bulky Goods
Last updated

Co-Agents

Thomas Proberts

Stonebridge Property Group

Call

+61 439 588 019

Michael Collins

Stonebridge Property Group

Call

+61 404 023 204

Tom Moreland

Stonebridge Property Group

Call

+61 408 072 822

More about Carpets On The Move, Tweed Hea/145 Minjungbal Drive Tweed Heads South NSW 2486

Carpets On The Move, Tweed Hea/145 Minjungbal Drive Tweed Heads South NSW 2486 is categorized as Shop & Retail Property. It has a floor area of 329 m² and a land area of 845 m². The listing ID for this property is 2018456557.