HIGHLY SOUGHT AFTER LOCALE - HIGH INCOME INVESTMENT PROPERTY WITH DEVELOPMENT UPSIDE
Situated in the heart of Kingscliff's tightly held esplanade commercial zone, this 540m² MU1 Mixed Use site presents an exceptional opportunity for investors. Only moments from the beach, dining, and retail precincts, this site offers prime potential for a landmark project that brings together lifestyle, business, and investment appeal.
The property currently features four apartments on short-term leases, generating a solid holding income with the flexibility to transition to long-term residential or commercial tenancies as needed.
KEY HIGHLIGHTS:
• High Income Returns ($100k plus) *
• 4 Units on One Title
• Option to strata and sell down (add value)
• Option to re develop the site as per DA or other uses available under the mixed use zoning (STCA)
• Buy at Land Value
• Take advantage of Kingscliff growth corridor and pending rate cuts to ensure plenty of capital growth
• Motivated Vendors - Will be Sold!
RENTAL INCOME:
Approx. $101,400 Gross per annum *
MIXED USE ZONING (MU1):
Allows a broad range of commercial and residential uses, including hospitality, office, healthcare, and boutique living (refer to LEP 2014^).
APRROVED DEVELOPMENT APPLICATION (DA22/0384):
Development consent in place for a shop-top housing project with approx. 882m² of gross floor area, featuring:
• 2 ground-level commercial tenancies
• 4 high-end residential apartments
• Secure ground-floor parking for 10 vehicles
DUAL STREET ACCESS:
High-visibility frontage to Seaview Street plus convenient rear lane access and secure parking.
PRIME LOCATION:
Walk to Kingscliff Beach, Surf Club, Kingscliff Shopping Village (Woolworths), St Anthony's Primary School, restaurants, cafés, and bars.
EXCELLENT CONNECTIVITY:
• 5 minutes to the new Tweed Valley Hospital
• 10 minutes to the M1 motorway
• 20 minutes to Gold Coast International Airport
• 45 minutes to Byron Bay
PROPERTY OVERVIEW
Address: 6 Seaview Street, Kingscliff NSW 2487
Land Area: 540m²*
Zoning: MU1 – Mixed Use (Tweed LEP 2014)
Local Authority: Tweed Shire Council
Planning Scheme: Tweed Local Environmental Plan 2014
TENANCY SCHEDULE (Current Use):
• Unit 1/6 Seaview Street is leased at $550 per week, paid to 10 April. The lease runs from 10 May 2024 to 7 November 2024, and is currently month-to-month.
• Unit 2/6 Seaview Street is achieving $500 per week, with rent paid to 13 April. The lease commenced on 13 October 2023 and ends on 12 October 2024 under a fixed-term arrangement.
• Unit 3/6 Seaview Street is leased at $550 per week, with rent paid through to 20 April. The lease term is from 7 April 2025 to 21 July 2025.
• Unit 4/6 Seaview Street is currently rented at $350 per week, paid to 2 April. The original lease ran from 23 April 2020 to 21 October 2020, and the tenant is now on a month-to-month basis.
Total Gross Rental Income: Approximately $101,400 per annum *.
DEVELOPMENT APPROVAL SUMMARY
DA Reference: DA22/0384
Approval Date: 22 January 2024
Description:
• Construction of a mixed-use development including:
• Ground Floor: 10 secure car parks (7 for residents, 3 for visitors/staff), waste and storage areas
• First Floor: 2 x 2-bedroom residential units
• Second Floor: 1 x 3-bedroom unit
• Third Floor: 1 x 2-bedroom unit with a multi-purpose room (easily convertible to a 3rd bedroom) and private pool
This is a rare opportunity to secure a premium site in one of the Northern Rivers' most in-demand coastal locations. Ideal for developers, investors, or land bankers seeking a high-impact project with approved plans in place.
All figures marked with an asterisk (*) are approximate and should be independently verified.
^Please refer to the Tweed Local Environmental Plan 2014 for complete zoning and permitted use details.*
All Inspections available by private appointment
Contact Agents:
Shaun Cardillo
E: [email protected]
M: 0416 190 170
Nick Witheriff
E: [email protected]
M: 0405 618 477
Remember to mention you found this property on DevelopmentReady
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