94 Marine Parade, Kingscliff, NSW, 2487

For Sale

94 Marine Parade, Kingscliff, NSW, 2487

Contact Agent

554 m²

BlockOfUnits

•

30+ days on the market

What's around 94 Marine Parade

Commercial / Resi Freehold - Opposite Central Park

Where the waves meet opportunity - Own a prime beachfront Mixed use Commercial Residential freehold property in the heart of it all with dual street frontage to both Marine Parade and Pearl Street Kingscliff with solid holding income of circa $161,000 per annum. This unique holding is freehold no strata title, On the ground floor there are two large commercial shops currently occupied by the popular Choux Box Cafe secured on long lease until 2031 & Est 1993 Choux Box is Kingscliffs longest running Cafe, A family run Restaurant and Bar nestled in the heart of this popular seaside village. The entire second floor is occupied by a well presented three bedroom residential apartment with open plan living & Kitchen that expands onto a large front deck via Multi-fold doors with beautiful front row ocean views, The large rear terrace offers a private getaway for drinks with sunset views and rear lane access to the single lock up garage and open car parking accessed from pearl Street Kingscliff. This building was originally built in Circa 1973 Commercial rent from Choux Box Cafe 2024: $115,915.56 Incl GST Residential apartment currently leased for $800 per week $41600 per annum - Our current rental appraisal is $1000 to $1050 per week Total annual return; $157,515.56 Gross with potential to be $167,915.56 Zoned: B4 Mixed Use Objectives of zone: To provide a mixture of compatible land uses. : To integrate suitable business, office, residential, retail and other development in accessible locations so as to maximise public transport patronage and encourage walking and cycling. Inspections of the Cafe can be arranged outside of service hours contact Julian Cleak on ph: 0400 617 494. Disclaimer: All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you and has been provided to Coastal Property Collective by third parties. Coastal Property Collective cannot definitively confirm whether the information listed is correct or 100% accurate. Coastal Property Collective does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information on the Website should not be relied upon and you should make your own enquiries and seek legal advice regarding any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.