Real Estate FROM COAST TO COUNTRY
Commercial real estate is booming By Jo Kennett THE COMMERCIAL real estate market in the Tweed Heads and Coolangatta area is going from strength to strength, with a lot of interest from big retailers and the urgent need for more housing is attracting residential development investors. Senior Commercial Broker at DJ Stringer, Peter Antony, told The Weekly Real Estate that Tweed and Cooly provide some of the best commercial real estate investment. “It is the most northerly town of NSW and sits next to the Queensland border, exposed to miles of golden beaches while sitting in the heart of the green cauldron, a rim of mountain ranges and lush rainforest snaked
This site has a DA for a boarding house with huge investment potential
by the Northern Rivers,” Peter said. “The best commercial opportunities that are currently being sought at the moment are in regional townships like Tweed Heads where there are both large national commercial businesses and smaller service providers being established to support our growing population. “In addition, these regional businesses often have more cash coming in than going out, establishing a sustainable longterm growth opportunity for investors.” Peter said the regional NSW suburb is forecasted to continue growing, with strong outcomes set for the year. “With the implementation of permanent remote working and attitudes from the pandemic, regional markets are competing more with capital cities than ever before and in turn have caught the attention of investors,” he said. “With the proposed Tweed Mall redevelopment, brand new international airport at our door, and the new hospital in Cudgen soon to be completed, motorway upgrades and the expansion of
Open Homes Saturday, July 15 DJ Stringer Property Services
5/201 Golden Four Drive Bilinga `$650,000’ 9.00-9.30am 2/4 Archer St Bilinga `Interest Over $895K’ 10-10:30am 5/63 Dixon St, Coolangatta ‘ By negotiation’ 11.0011.30am 251 McAuley’s Rd Terranora ‘Contact Agent’ 11.15-11.45am 11/22 Binya Ave, Tweed Heads ‘Price Guide $595K-$650K’ 12.00-12.30pm
the light rail to incorporate Tweed Heads, our Tweed region is being seen as an exciting growth opportunity to invest. “Commercial property sales I have brokered range from $6.6 million secured by a national retailer, through to $290,000 for mum and dad investors.” Peter said that he achieved a sale price 50 per cent above what other agents had suggested for the $6.6 million commercial property. “We created a strategy to present it and market it to national retailers,” he said. “They have a scale that makes renting prohibitive and we had three retailers at the last and best round. “It just shows the strength of the Tweed region that the national retailers want to come here. A few years ago the Tweed wasn’t on their radar.” Peter also just sold a commercial block in Wharf Street with a pre-existing DA approval for a three-level medical centre and a separate DA for a five-level office building. “It was purchased by a Melbourne developer that has
The Boyd Street investment site is listed with DJ Stringer
relocated to our area and he ignored the existing approvals and is now seeking approval for a build-to-rent one, two and three bedroom apartments above a commercial property,” he said. “It would be commercial on the ground floor with residential above and he will start the whole process again just citing the demand in the area because of population growth.” Peter is also marketing a “new age” boarding house with big returns forecast. “The Boyd Street site has DA approval for a new age boarding house and once it’s built it has
Tweed Coolangatta Real Estate
5 Birkdale Court, Banora Point. 11-11.30am
MANA Real Estate
2a Oba Place, Ocean Shores, 9-9.30am 59 Riverview Street, Murwillumbah, 9.30-10am 2 Clifford Street, South Golden Beach, 10-10.30am 66 Castle Field Drive, Murwillumbah, 10.30-11am 1/6 Boondoon Crescent, Ocean Shores, 11-11.30am 2/6 Boondoon Crescent, Ocean Shores, 11-11.30am 86 Castle Field Drive, Murwillumbah, 11.30-12pm 3 Narooma Drive, Ocean Shores, 12-12.30pm 20 Rosewood Court, Lakewood, 11-12pm
a potential income of between $800,000 and $900,000 a year,” he said. “It has 35 self-contained studio units which will be popular for hospital workers, students, interns etc. “We’ve had a lot of interest already. That whole area around Wharf Street is going to change hugely over the next few years. “It has beautiful beaches, the river and the harbour all within walking distance. We have it on the market for $3 million. “We are really in need of housing and people see the Tweed as an area to invest in.”
Tate Brownlee Real Estate
52/61 Marana Street, Bilambil Heights, 9-9:30am 4B Oyster Point Road, Banora Point, 10-10:30am 74 Botanical Circuit, Banora Point, 11-11:30am 41 Lochlomond Drive, Banora Point, 11-11:30am 5 Dromara Court, Banora Point, 12-12:30pm 54 Parkes Lane, Terranora, 12-12:30pm
JET Real Estate
25 Stokers Rd , Stokers Siding - 9.30am-10am 6 Elouera Terrace, Bray Park - 9:30am-10am 506 Tweed Valley Way, South Murwillumbah - 10:30am-11am 585 Tumbulgum Road, Tygalgah - 11:30am-12noon 4 Woodfull Crescent, Pottsville - 11:30am-12noon
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