139 Wharf Street, Tweed Heads, NSW, 2485

Jackson Rameau of Ray White Commercial Pacific Group is excited to present 139 Wharf Street, Tweed Heads to the market. This is a rare opportunity to secure one of the largest landholdings in the Tweed Coast Shire.

The 7,980m2* parcel is equipped with three street frontages and is currently improved by an established commercial showroom and warehouse, occupied by Tweed Coast Nissan, HAVAL & GWM. With the tenant open to committing to a new 5+5+5 year lease while retaining flexibility through redevelopment provisions & early termination clauses, the site offers a rare combination of holding income now and substantial development potential down the track.

Positioned in a high growth corridor bordering the Southern Gold Coast, opportunities of this scale and flexibility simply do not come around often.

Key Features Include:

• 7,980m2* rectangular landholding, one of the largest in the precinct

• Triple street frontage with access from Wharf Street, Brett Street and Boyd Street

• Zoned MU1 Mixed Use

• Passing net return of $1,012,387* p.a + GST and outgoings with a fixed 4% annual increase (refer to lease prior to exchange)

• Height allowance of 34 metres, approximately 10 storeys (subject to final council approval)

• Total floor area is 2,310m2* approx. (1,850m2* Workshop, Showroom & Corporate Office HQ + 340m2*storage & warehouse + 120m2* site office)

• Consented DA-approval application for 'Addition to commercial development & signage' for an extra 553m2* of showroom/vehicle sales premises; subject to conditions.

• Floor Space Ratio of approximately 3.25:1, allowing for roughly 25,935m2* gross floor area (STCA^)

• Established open to a 5+5+5-year lease with lease provisions for redevelopment or early termination with 24-months notice

• Existing tenant brands include Tweed Coast Nissan, Haval, Great Wall Motors, Forthing & Pickering Car Clearance

• Redevelopment & early termination clauses included within the lease for flexibility

• Ocean and river views from a development of approximately 10 storeys

• Expansive water outlooks across the ocean, river and Anchorage Harbour/Fishing Village

• Potential development uses include retirement living, hotel or office accommodation including mixed-use.

• Potential for ground-floor retail and basement car parking subject to council approval.

• Offers to be lodged on land & buildings or land, buildings & business'. All serious offers will be reviewed

• Don't miss this golden opportunity.

This Rare Landbank and Development Opportunity Is Offered For Sale Via Expressions Of Interest Closing Thursday, 22nd October At 4:00pm AEST.

ALL SERIOUS OFFERS TO BE LODGED FOR CONSIDERATION.

For further information or to arrange a private inspection, please contact the exclusive marketing agent Jackson Rameau on 0438 451 112.

The website may have filtered the property into a price bracket for website functionality purposes. RWC Pacific Group has not independently checked any of the information; we merely pass it on. We make no comment on and give no warranty as to the accuracy of the information contained in this document, which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers/lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches or as otherwise necessary. No duty of care is assumed by JR Commercial Pty Ltd trading as RWC Pacific Group divisions toward the recipient with regard to the use of this information, and all information given is given without responsibility. Any proposed development is indicative only and subject to Council approval.

*Approximately.

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