1 - 11 Rivendell Drive, Tweed Heads South
Sold for $ 4,550,000
Sold by Ross Smith & Craig Parsons-Professionals Retail - Shopping Centre - Property ID: 794468
One of Tweed's strongest commercial opportunities "The Rivendell Centre" has made itself available after 20 years of holding.
Consisting of a firm and committed tenancy mix of both national retailers and longstanding local businesses, it is one of the largest sites available in the immediate location.
Positioned on a main arterial road leading into the major commercial/retail and industrial centres of Tweed Heads with a traffic load of 35000+ cars a day, giving the holding an absolute ''A" grade landmark position.
The property has been set down for a strongly anticipated campaign and will be Auctioned Onsite - 9th July 2015 at 7pm.
* Net Income $275,140.14 + Outgoings + GST
* Zoning - B5 Business Development
* Land Size - 4071 m2
* Total N.L.A 1801m2 set over 2 buildings plus
potential strata opportunities (STCA)
* 100% occupancy, all one title
* 41 onsite carparks plus disable parking and
* W.A.L.E - 2.5 Years average
* Three street frontages
* Long standing national retail/franchises -
Ideal Electrical, Solomons Carpets and
To find a larger parcel of land in the immediate location with such prime positioning would be a challenge.
The property has been tightly held over time, with all tenancies securing themselves as a preferred longstanding placement.
Tweed City shopping centre is 200 metres North bound from the site, Tweed Heads bulky goods the "Tweed Hub", is directly across the road and NSW Government Services is located next door.
Direct access from the M1 is a major draw card and the recent Kirkwood road off ramp that drives the traffic directly into the prime hub, has seen this precinct grow exponentially over the past 18 months.
Further expansion locally to increase the retail sector with millions of dollars of redevelopment planned for Tweed City and Banora Shopping Centre are excellent signs of the area's imminent growth pattern. Large scale residential developments are also surging in the Tweed Shire, with the gestation period finished and the birth of the regions true potential finally a reality.
For a detailed property report and further details pertaining to this fantastic opportunity please call Craig Parsons or Ross Smith.
Office & Agent Details
- 31 Bay Street
Tweed Heads NSW 2485
- E: email@example.com
- P: 07 5536 2744
- F: 07 5536 2626
- Residential & Rural Sales/Commercial Sales & Leasing
- E: firstname.lastname@example.org
- M: 0433 347 209