22 Marine Parade, Kingscliff NSW 2487

FIRST TIME TO MARKET IN OVER 50 YEARS

An absolute exclusive opportunity to acquire one of Kingscliff's rarely available iconic properties. The subject address is arguably the only available or upcoming AAA development site with dual street access to Hungerford Lane and Marine Parade. The B4 mixed use zoning allows for a commercial/retail/residential development (subject to approval). The opportunity available to the market will offer the incoming buyer an opportunity to enjoy a midterm income from one of Kingscliff's finest establishments in the "Taverna Restaurant" whilst they master plan a future development program which could be staged onsite.
There is also beautiful coastal style "beach house" atop the hill which offers sweeping views of the coastline from Fingal through to Kingscliff Creek and surrounds. Designed to offer flexibility this wonderful holding will also suit a home occupier looking for a trophy beachfront asset with extra income from Taverna, or simply an astute investor looking to take advantage of a truly rare opportunity with the site currently being 100% leased. Are you looking to own your dream beach house with income from "Taverna"? If so, this will also tick all your boxes!
The coastal style "beach house" offers five bedrooms, three bathrooms and two car spaces internal and two bays external onsite. The home offers large open planned living with priceless views surrounding the a large balcony overlooking the pacific ocean. The beach house is currently returning almost $50,000.00 per annum and is on a periodic lease agreement to a lovely local family. Unlock the development potential or consider securing a longer term lease arrangement, the choice is yours.
The subject site is zoned B4 Mixed Use, pursuant to the Tweed Local Environmental Plan 2014. The zoning permits a range of commercial uses, tourist and visitor accommodation and residential development in the form of Shop Top Housing subject to development consent.
This sale program has been master planned for flexibility with LJ Hooker Kingscliff in conjunction with Knight Frank Australia delighted to present 22 Marine Parade, Kingscliff to the market for the first time in over fifty years.
+ Two Street Access (Marine Parade/Hungerford Lane)
+ 911m2 site area
+ B4 Mixed Use Zoning
+ Iconic Taverna Restaurant Freehold Tenure
+ 5/3/2 Classic Beachfront home
+ 100% leased investment
+ Unlock significant development potential
+ Enjoy holding income from settlement

For more information or to request a copy of the sale information memorandum please contact Nick Witheriff 0405 618 477 (LJ Hooker Kingscliff) or Mark Witheriff on 0439 038 100 (Knight Frank Australia).