SOLD
Sold on 27 Mar 2024 for $4,740,000

96 Marine Parade
Kingscliff NSW 2487

Bedrooms: -
Bathrooms: -
Car spaces: 16
Land area: 1037m2
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Property Details for 96 Marine Pde, Kingscliff

Building Type
Commercial
Land Size
1037m2
Local Government
Tweed
Lot/Plan
2/DP584765

Last Listing description (November 2023)

Towers Francis Property is proud to offer for sale for the first time ever, this prime multi-tenanted freehold asset right in the centre of the Kingscliff retail precinct.

INVESTMENT DETAILS:

- Net Income $165,884 per annum

- Annual Reviews CPI
- Outgoings paid by tenants

DEVELOPMENT & ZONING:

- MU1 Mixed Use
- FSR 2:1
- HOB 13.6m

FEATURES:

- 1,037sqm site area
- 3 shops comprising a net lettable area of 514sqm
- 20 meter frontage
- Dual street frontages

FOR SALE:

Expressions Of Interest closing Friday 12:00pm 15th December 2023 if not sold prior.

For further information, please don't hesitate to contact the exclusive selling agents at Towers Francis Property.

Property History for 96 Marine Pde, Kingscliff, NSW 2487

A timeline of how this property has performed in the market
Last Sold
$4,740,000
27 Mar 2024
  • 27 Mar 2024
    Sold for $4,740,000
  • 20 Nov 2023
    Listed for Sale EXPRESSIONS OF INTEREST

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About Kingscliff 2487

The size of Kingscliff is approximately 6.5 square kilometres. It has 21 parks covering nearly 28.2% of total area. The population of Kingscliff in 2011 was 6,392 people. By 2016 the population was 7,480 showing a population growth of 17.0% in the area during that time. The predominant age group in Kingscliff is 50-59 years. Households in Kingscliff are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingscliff work in a professional occupation. In 2011, 60.1% of the homes in Kingscliff were owner-occupied compared with 64.6% in 2016.

Kingscliff has 5,539 properties. Over the last 5 years, Houses in Kingscliff have seen a 87.89% increase in median value, while Units have seen a 70.45% increase. As at 31 October 2024:

  • The median value for Houses in Kingscliff is $1,801,048 while the median value for Units is $904,786.
  • Houses have a median rent of $910 while Units have a median rent of $750.
There are currently 72 properties listed for sale, and 21 properties listed for rent in Kingscliff on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Kingscliff.

Suburb Insights for Kingscliff 2487

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.