Coastal Development Opportunity – Zoned R3 With A 22m Height Limit
This is an extremely rare opportunity to acquire a Duplex Pair on separate titles situated on a prime 651m2 block. Just a stones throw away from major amenities and the picturesque Tweed River waterfront and Coolangatta Beach, this opportunity has outstanding development appeal, zoned R3 Medium Density Residential with a 22m height limit (potential for 6 to 7 levels) STCA.
The site is surrounded by already developed land with boutique and other residential living. One only has to look at the booming demand and sale prices being achieved for boutique apartments in this area to see you will be securing a prosperous future. In this location the average boutique 2 bed 2 bath apartment can sell anywhere between $950,000 and $1,100,000 whilst a 3 bed, 2 bath apartment has a potential sale price between $1,400,000 to $1,800,000 or higher with water views.
Tweed Heads is an established residential suburb, home to a wide range of demographics with high market appeal. Renowned for the perfect leisurely lifestyle within walking distance to Tweed Centro Shopping Mall, Tweed Heads Bowls Club, Twin Towns Services Club and the stunning Tweed River waterfront. Coolangatta CBD and world renowned beaches such as Duranbah, Snapper and Greenmount are all within a 5 minute bike ride.
Projects such as the proposed $900,000,000 Tweed Mall CBD development driving gentrification of Tweed Heads within the Commercial and Residential sectors will reframe the city's image. The new proposed town centre along with the proposed light rail extension are two of the many reasons to make your move now.
This is a rare opportunity so whether you're looking to develop or land bank, now is the time to make your move!
Key Block Features
- Total Block Size 651m2
- Zoned R3 / Medium Density Residential
- 22m height limit (potential for 6 to 7 levels) STCA
- North/South facing position
- Potential water views from level 3 upwards
Currently Features
- Duplex Pair on separate titles
- Shared water meter
- Shared building insurance
Duplex 1
- Lot 1/SP16634 (rear position)
- 2 generous bedrooms with BIW, 1 bathroom, single car lock up garage
- Large open plan living/dining room
- Fully renovated kitchen with plenty of bench space and gas cooking
- Currently tenanted until 13/05/2024 for $540 p.w.
- Rates Approx $2835.60
Duplex 2
- Lot 2/SP16634 (front position)
- 1 generous bedroom with a BIW, 1 bathroom, single car lock up garage
- Currently tenanted until 04/04/2024 for $460 p.w.
- Rates Approx $2835.60
Call Kristy 0434 398 954 or Jasmine 0436 488 802 for all enquiries.
Disclaimer:
All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to LJ Hooker by third parties. LJ Hooker is unable to definitively confirm whether the information listed is correct or 100% accurate. LJ Hooker does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.
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