SOLD
Sold on 31 Jul 2024 for $1,830,000

67 Minjungbal Drive
Tweed Heads South NSW 2486

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 1018m2
Sold By
DJ Stringer Property Services
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Property Details for 67 Minjungbal Dr, Tweed Heads South

Building Type
Commercial
Floor Size
400m2
Land Size
1018m2
Local Government
Tweed
Lot/Plan
3/2/DP11478

Last Listing description (October 2024)

UNIQUE MIXED-USE FREEHOLD PROPERTY

Outstanding opportunity to acquire a 216m2 warehouse/workshop situated on a generous fully fenced 1018m2 allotment with rear access, which also provides plenty of hard stand external area for storage, trucks, equipment etc.

In addition, this property also has the added bonus of (3) tenanted shops across the main road frontage, providing a stable income stream for the property owner, if so desired.

KEY FEATURES

- Large 216m2 warehouse on 1018m2 land
- 3 Phase power
- 3 x tenanted shops
- 2 street frontage (Minjungbal Drive & Heffron Lane)
- Kitchenette, shower and toilets
- Easy access for customers & trades
- Handy to the M1

LOCATION:

This highly exposed property is well positioned on the busy picturesque waterfront esplanade of Minjungbal Drive, Tweed Heads South, right next door to McDonalds and 100m to the South Tweed Tavern and Dan Murphy's Liquor. In addition, it is surrounded by a vast number of retail outlets, light industry and Motel accommodation dotted along the way.

The main arterial of Minjungbal Drive connects the Southern Gold Coast's township of Coolangatta to Tweed Heads, moments to Tweed City Shopping Centre, as well as other major amenities such as local schools, the Tweed Heads & Coolangatta Golf Club, local Bowls Clubs, Twin Towns Services Club and the Tweed Hospital.

The new $730M Tweed Valley Hospital located in Kingscliff (opening early-mid 2024) is a mere (15) minutes to the South and the Gold Coast International Airport & Southern Cross University are within a (10) minute drive to the North.

World class beaches at Kirra, Coolangatta, Snapper Rocks, Rainbow Bay & Duranbah are all within 3.5kms from this site.

AGENT'S COMMENTS:

A very sound and secure mixed-use property as it stands, is attractive to Self-Managed Super Funds, those wanting a stable rate of return with very minimal hands-on management and extremely attractive to the end user.

Coupled with the expansion of this region that is booming to underpin substantial residential and Commercial developments, as well as major infrastructures on both sides of the QLD & NSW Border, this property is sure to continually rise in value alongside expected market growth to all areas.

In addition, given the 1018m2 allotment boasting a two-street frontage, this holding would also appeal to those with re-development aspirations.

For further particulars & to receive an Information Memorandum, please contact Marketing & Managing Agents Greg Cook 0414 134 555 or David Stringer 0418 150 731 in the strictest confidence.

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 67 Minjungbal Dr, Tweed Heads South, NSW 2486

A timeline of how this property has performed in the market
Last Sold
$1,830,000
31 Jul 2024
Listed for Rent
$31k/w
28 Oct 2022
  • 31 Jul 2024
    Sold for $1,830,000
  • 21 Dec 2023
    Listed for Sale SOLD BY DAVID STRINGER & GREG COOK
  • 26 Nov 2023
    Sold
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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 5,503 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 29 properties listed for sale, and 11 properties listed for rent in Tweed heads south on OnTheHouse. According to CoreLogic's data, 187 properties were sold in the past 12 months in Tweed heads south.

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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.