SOLD
Sold on 16 Sep 2024 for $2,280,000

7-11 Wharf Street
Tweed Heads NSW 2485

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 346m2
Sold By
DJ Stringer Property Services
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Property Details for 7-11 Wharf St, Tweed Heads

Building Type
Commercial
Land Size
346m2
Local Government
Tweed
Lot/Plan
3/DP1086912

Last Listing description (October 2024)

Outstanding opportunity to earn a stable rate of return from these (5) fully tenanted retail premises within Harbour Tower / Twin Towns on the cusp of Coolangatta Beach.

DETAILS:

- Lot 3 DP 1086912

- Net lettable area 346.2m2*
- Tenancies include, Massage Therapy, Beauty, Tobacconist & Printing
- Large customer parking in front & additional basement parking within Twin Towns

FINANCIALS:

- Current gross income $151,382 + GST per annum
- Expenditure $11547.17 per annum *
- Net income $139,835.44 per annum *

*approximately

LOCATION:

This prominent property forms part of the Twin Towns Harbour Tower and is positioned on the main arterial, linking the Tweed to the Southern Gold Coast.

The Jack Evans Boat Harbour & Twin Towns Entertainment venue are directly opposite and this property is also adjacent to the Tweed Shopping Mall, which is set down for a major upgrade including substantial residential development.

Coolangatta beach is just 250m at the end of the street, which is flanked by world-class breaks at Rainbow Bay, Snapper, Greenmount & Duranbah.

The Gold Coast International Airport & Southern Cross Uni are within (10) minutes and Tweed Valley Hospital at Kingscliff is within (20) minutes.

AGENTS COMMENTS:

An ideal passive holding for any Investment portfolio or Super Fund which easily managed.

Please contact Marketing & Managing Agents Greg Cook 0414 134 555 or David Stringer 0418 150 731 in the strictest confidence for further information.

Disclaimer:
All information contained herein is gathered from sources we believe to be reliable. DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquiries should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.

Property History for 7-11 Wharf St, Tweed Heads, NSW 2485

A timeline of how this property has performed in the market
Last Sold
$2,280,000
16 Sep 2024
Listed for Rent
$383/w
09 Nov 2023
  • 16 Sep 2024
    Sold for $2,280,000
  • 06 Aug 2024
    Listed for Rent $21,840 / year
  • 20 Jun 2024
    Listed for Sale SOLD BY DAVID STRINGER & GREG COOK
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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 47 properties listed for sale, and 27 properties listed for rent in Tweed heads on OnTheHouse. According to CoreLogic's data, 296 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.