45 Minjungbal DriveTweed Heads South NSW 2486
Property Details for 45 Minjungbal Dr, Tweed Heads South
Last Listing description (October 2023)
Towers Francis Property are pleased to present to the market for sale, Midas Tweed Heads South by Expressions Of Interest (EOI) with a closing date for offers of 12pm Thursday, 30th November 2023.
This offering is a secure Tyre & Auto investment One of Australia's most sought after asset classes due to the sector's resilient outlook, secure covenants and favourable lease structures
INVESTMENT FEATURES:
- Brand new renewed 5 + 5 year lease commencing 1st December 2023.
- Leased to Corporate entity Midas Australia Pty Ltd wholly owned by ASX listed Bapcor.
- Net rental income $126,958 per annum
- 100% outgoings recoverable.
- Annual reviews the greater of CPI or 3%.
FEATURES:
- Freehold main road building in immaculate condition.
- 488sqm NLA
- 1,012sqm Site area.
- 20 metre frontage to the main arterial road "Minjungbal Drive", with over 60,000 passing vehicles daily.
FOR SALE:
Expressions Of Interest (EOI) closing date for offers Thursday 12pm, 30th November 2023.
This property will be sold!
MORE INFORMATION:
Contact exclusive selling agents Towers Francis Property.
Property History for 45 Minjungbal Dr, Tweed Heads South, NSW 2486
- 13 Dec 2023Sold for $2,200,000
- 30 Oct 2023Listed for Sale EOI - Deadline for offers - 30th November 2023
- 18 Jul 2013Sold for $770,000
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0About 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 5,510 properties. Over the last 5 years, Houses in Tweed Heads South have seen a 70.31% increase in median value, while Units have seen a 89.38% increase. As at 31 October 2024:
- The median value for Houses in Tweed Heads South is $941,424 while the median value for Units is $765,325.
- Houses have a median rent of $750 while Units have a median rent of $658.
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