OFF MARKET

169-171 Wharf Street
Tweed Heads NSW 2485

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1000m2
Land area: 5703m2
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Property Details for 169-171 Wharf St, Tweed Heads

Building Type
Commercial
Floor Size
1000m2
Land Size
5703m2

Last Listing description (December 2023)

Jackson Rameau of RWC Gold Coast proudly presents for sale the opportunity to purchase 169-171 Wharf Street, Tweed Heads, NSW. The property presents a rare and irreplaceable opportunity for developers, investors or owner occupiers to secure arguably the largest parcel in this precinct with three street access points located in a high growth corridor boarding the Southern Gold Coast.

Key features include:
• 5,703m2* of prime land with strong signage exposure!

• Net income $78,328,08 + GST + Outgoings
• 5 + 5 YR Lease to Crazy Clark's Car Rentals (redevelopment clause included in leases allowing the entire 5,703m2* parcel to be vacant and redeveloped)
• Three combined parcels of land allowing strong redevelopment upside or site reconfiguration
• Three street access points from Wharf Street, Recreation Street and Boyd Street
• Strong holding income with major future development upside^
• Previous DA (now lapsed) for a mixed-use motor showroom and commercial development
• Zone: MU1 Mixed Use (allows a mix of commercial and residential use)
• Fantastic view corridors back to the Tweed & Gold Coast
• Height Allowance: 28 metres* (7 Storeys) subject to approvals^
• Absolutely must be sold! Do not miss out!

Offered for sale via Public Auction to be held 11am (QLD time) Thursday 7 December 2023 at the Gold Coast Turf Club, Racecourse Drive, Bundall QLD.

For more information please contact the exclusive marketing agent Jackson Rameau on 0438 451 112.

Disclaimer:
The website may have filtered the property into a price bracket for website functionality purposes. Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty & Telern Pty Ltd trading as Ray White Surfers Paradise divisions toward the recipient with regard to the use of this information and all information given is given without responsibility. *Approximately

Property History for 169-171 Wharf St, Tweed Heads, NSW 2485

A timeline of how this property has performed in the market
Last Sold
11 Dec 2023
  • 11 Dec 2023
    Sold for $7,500,000
  • 09 Nov 2023
    Listed for Sale Auction - Thursday 7th December 2023 at 11am (QLD)
  • 03 Sep 2018
    Listed for Sale Price on Application
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About Tweed Heads 2485

The size of Tweed Heads is approximately 4.5 square kilometres. It has 15 parks covering nearly 12.6% of total area. The population of Tweed Heads in 2011 was 7,525 people. By 2016 the population was 8,171 showing a population growth of 8.6% in the area during that time. The predominant age group in Tweed Heads is 60-69 years. Households in Tweed Heads are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tweed Heads work in a professional occupation. In 2011, 57.5% of the homes in Tweed Heads were owner-occupied compared with 58.3% in 2016.

Tweed Heads has 6,875 properties. Over the last 5 years, Houses in Tweed Heads have seen a 80.46% increase in median value, while Units have seen a 79.51% increase. As at 30 November 2024:

  • The median value for Houses in Tweed Heads is $1,165,955 while the median value for Units is $824,798.
  • Houses have a median rent of $695 while Units have a median rent of $700.
There are currently 48 properties listed for sale, and 23 properties listed for rent in Tweed heads on OnTheHouse. According to CoreLogic's data, 310 properties were sold in the past 12 months in Tweed heads.

Suburb Insights for Tweed Heads 2485

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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.