45-47 Recreation Street, Tweed Heads
Sold for $ 1,200,000
SOLD BY CRAIG PARSONS - PROFESSIONALS Land - Development Site - Property ID: 788096
Positioned in Tweed Heads with an existing DA in place for 12 Units.
There is further upside to grow the DA/PLANS to a potential 24 units (S.T.C.A) under the new LEP 2014 scheme.
$160,000 (approx.) has already been paid in council contributions with all services already provided to the immediate location.
*Land size 1376 sqs
*4 Storey Height Limit (14 Metres)
*R3 Medium Density Zoning
*FSR - 2.1 (2752m2)
*New Design - 4 x 1 bed and 20 x 2 bed Units
*Potential townhouse concept also encouraged
*Joint venture Options will be considered
The opportunity for a great development concept awaits for the right operator, with the market showing a strong demand in the local area of Tweed Heads.
150 metres from Ivory Tavern and Boat Harbour, a short stroll to University, Hospital, Twin Towns RSL and Tweed Mall Shopping Centre with major retailers.
DA documents, drawings and town Planning recommendations available on request.