130/685-707 Casuarina WayCasuarina NSW 2487
Property Details for 130/685-707 Casuarina Way, Casuarina
Last Listing description (November 2024)
Previously home to a local favourite eatery, this ground floor restaurant/cafe at 685-707 Casuarina Way is an outstanding opportunity for an owner operator to capitalise on the significant local customer base or the astute investor looking for a Blue-Chip commercial asset. Positioned within Cotton Beach Resort, this property offers genuine upside, fantastic exposure & a unique configuration for an outstanding hospitality operation.
Boasting a commercial kitchen fitted to the highest standards and maintained in excellent condition, low maintenance polished concrete floors, a bar and wine room, a light-filled covered alfresco dining area and storage rooms including cold store, the impeccably appointed premises is suitable for operating as a caf or restaurant, with potential for catering services and event hosting. Plus, the current liquor license remains valid.
The property is uniquely positioned within a residential complex of 129 premium apartments, many of which are used as holiday accomodation, in the popular beachside town of Casuarina and close to the upcoming Kings Forest Estate residential development which will introduce over 11,000 new residents, further boosting business potential.
327m in total area
191m internal, 112m covered outdoor terrace, 24m delivery ramp
Dedicated wine room for storage and display
Equipped with 4 beer taps
Current on-premises liquor license
Basement cold storage, grease trap, and storage rooms
Facilities include male, female, and disabled-accessible toilets
Split system air conditioning, fans and natural breezes for all seasons
Security cameras installed for safety and surveillance
Abundant street parking available for patrons
Secure car park for manager/owner
Positioned at the ground floor of a residential complex
4.5km to the upcoming Kings Forest development
6.3km to the new Tweed Valley Hospital
20km from Gold Coast International Airport
Amazing opportunity for owner operators or investors
Offered for sale with vacant possession, providing immediate opportunity and enjoying a prime location with no direct competition, this opportunity will appeal to owner-operators and investors alike. The seller is extremely motived to have the property sold and will entertain all offers.
Contact the exclusive agent Ryan Hipwood for more information and to arrange an inspection.
*Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein.
Property History for 130/685-707 Casuarina Way, Casuarina, NSW 2487
- 02 Sep 2024Sold for $1,000,000
- 19 Aug 2024Listed for Sale UNDER CONTRACT
- 10 Oct 2023Listed for Sale Price upon Application
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0About Casuarina 2487
The size of Casuarina is approximately 2.7 square kilometres. It has 5 parks covering nearly 10.9% of total area. The population of Casuarina in 2011 was 1,661 people. By 2016 the population was 2,683 showing a population growth of 61.5% in the area during that time. The predominant age group in Casuarina is 0-9 years. Households in Casuarina are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Casuarina work in a professional occupation. In 2011, 52.4% of the homes in Casuarina were owner-occupied compared with 66.8% in 2016.
Casuarina has 1,825 properties. Over the last 5 years, Houses in Casuarina have seen a 87.45% increase in median value, while Units have seen a 66.18% increase. As at 30 November 2024:
- The median value for Houses in Casuarina is $2,257,916 while the median value for Units is $859,944.
- Houses have a median rent of $1,325 while Units have a median rent of $800.
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