Issue 28 | The Property Development Review

Property Listings

NSW

SOLD

BLUE CHIPDEVELOPMENT SITE INKINGSCLIFF

140 Marine Parade, Kingscliff, NSW, 2487

• DUAL STREET FRONTAGE WITH OCEAN VIEWS • OFFERS CLOSING SOON - GUIDE $6.25m - $6.50m A very rare opportunity exists to purchase this whole site, including existing buildings on 1488m2 of land, right in the heart of Kingscliff. The R3 Medium Density zoning allows for a residential apartment development with a mix of commercial building. (Subject to council approval) There are very few vacant land sites left & this is arguably one of the best pieces of real estate in Kingscliff. With dual street access to both Marine Parade & Pearl Street, there are both ocean & mountain views. The option is to develop the site

under the Council guidelines below, or land bank for future growth. With limited land availability, increased infrastructure including the new Tweed Valley Hospital & various road upgrades, this presents as an excellent & very rare investment opportunity. The Tweed Shire Council Guidelines, subject to buyer due diligence are: - Height from ground - 13.6m - Side setbacks - 1.5m High density - Zoning - R3 Medium Density - Front and rear setbacks - 6 meters - Underground parking acceptable with DA - Commercial usage - under existing/past usage

* approx.

PLEASE CONTACT NICKWITHERIFF on 0405 618 477 OR PETA HUNT ON 0433 918 079 FORMORE INFORMATION.

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