SOLD
Sold on 27 Jun 2024 for $4,455,000

157-161 Minjungbal Drive
Tweed Heads South NSW 2486

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2635m2
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Property Details for 157-161 Minjungbal Dr, Tweed Heads South

Building Type
Land
Land Size
2635m2
Local Government
Tweed
Lot/Plan
2/DP780341

Last Listing description (September 2023)

This is an unprecedented opportunity to acquire the best main road
corner commercial site in Tweed Heads South with 60 metre
frontage.

Positioned on the prime corner of Minjungbal Drive and
Rivendell Road. This property is the first site with direct access
travelling northbound on Minjungbal Drive, the busiest arterial road
in Tweed Heads.

FEATURES:

- Site area 2,635sqm
- Corner site with dual street frontage.
- 60 metre frontage to Minjungbal Drive.
- Easy access both north and southbound.
- First corner site northbound off M1 Motorway.
- Gateway to Tweed Heads.
- Excellent zoning ripe for commercial development.
- Freehold property offered with vacant possession.

FOR SALE:

UNDER CONTRACT

For more information and to arrange inspection, contact exclusive selling agents Towers Francis Property.

Property History for 157-161 Minjungbal Dr, Tweed Heads South, NSW 2486

A timeline of how this property has performed in the market
Last Sold
$4,455,000
27 Jun 2024
  • 27 Jun 2024
    Sold for $4,455,000
  • 07 Jun 2023
    Listed for Sale UNDER CONTRACT TOWERS FRANCIS PROPERTY
  • 18 Oct 1999
    Sold for $500,000
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About Tweed Heads South 2486

The size of Tweed Heads South is approximately 11.5 square kilometres. It has 20 parks covering nearly 32.3% of total area. The population of Tweed Heads South in 2011 was 7,902 people. By 2016 the population was 7,640 showing a population decline of 3.3% in the area during that time. The predominant age group in Tweed Heads South is 60-69 years. Households in Tweed Heads South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tweed Heads South work in a community and personal service occupation. In 2011, 62.4% of the homes in Tweed Heads South were owner-occupied compared with 60.5% in 2016.

Tweed Heads South has 5,513 properties. Over the last 5 years, Houses in Tweed Heads South have seen a 78.64% increase in median value, while Units have seen a 90.72% increase. As at 30 September 2024:

  • The median value for Houses in Tweed Heads South is $964,758 while the median value for Units is $767,474.
  • Houses have a median rent of $750 while Units have a median rent of $653.
There are currently 30 properties listed for sale, and 16 properties listed for rent in Tweed heads south on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Tweed heads south.

Suburb Insights for Tweed Heads South 2486

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Towers Francis Property
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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.