19 Kingscliff Street, Kingscliff, NSW, 2487

SoldNov 18, 2021

19 Kingscliff Street, Kingscliff, NSW, 2487

$2,025,000

803 m²

House

•

6 days on the market

Sold: Nov 18, 2021

What's around 19 Kingscliff Street

Fantastic Development or Dual Income Land Bank Opportunity

Invest, land bank or develop this fantastic site right in the heart of Kingscliff's thriving beachside community. Perfectly situated within moments to the beach and just minutes to the village centre, shopping and cafe precinct, this opportunity will not last. Loaded with an array of possibilities, a 22m frontage, and dual street access, this property offers a rare combination of both lifestyle opportunities and untapped investment potential. Zoned R3 medium density, this 803m2 parcel of blue chip land may allow for duplex, townhouse or units - Subject to council approvals (STCA). With development on the rise, numerous recent developments in the vicinity that have very quickly achieved committed pre-sales at well above median prices, and the new $534 million Tweed Valley Hospital project in full swing, now is your opportunity to strike. Ideal long term investment or development potential (STCA). There are two separate dwellings on the site; 1 x income producing 3 bedroom, 2 bathroom home at $550 per week, on lease until September 2022. The other is an original bungalow that requires some TLC before it too could be an income producing asset. This older home was previously generating circa $300pw to a very long term tenant (15 years+). With some updates, the total potential rental income across both properties could be circa $850 pw FEATURES - 803 sqm block, R3 Medium density zoning (Lot DP758571) - Dimensions 22m wide x 37m deep - Rear lane access via Kingscliff Lane (dual street access) - New product townhouse and unit stock in high demand - Income producing property - Less than 1 klm to Kingscliff town centre * - 2.5 klm to M1 Motorway * - 3 minutes drive to the new Tweed Valley Hospital (due to open in 2023) * - 10 minute drive to Gold Coast International Airport * - 60 minutes drive to Ballina Airport * - 35 minutes drive to the Gold Coast and Byron Bay * * Approximate For sale via expressions of interest, closing 5pm Thursday 2nd December 2021. To be considered, all offers must be in writing on or before the closing date.