Situated in the heart of Kingscliff's tightly held esplanade commercial zone, this 540m² MU1 Mixed Use site presents an exceptional opportunity for investors. Only moments from the beach, dining, and retail precincts, this site offers prime potential for a landmark project that brings together lifestyle, business, and investment appeal.
The property currently features four apartments on short-term leases, generating a solid holding income with the flexibility to transition to long-term residential or commercial tenancies as needed.
KEY HIGHLIGHTS:
High Income Returns ($100k plus) *
4 Units on One Title
Option to strata and sell down (add value)
Option to re develop the site as per DA or other uses available under the mixed use zoning (STCA)
Buy at Land Value
Take advantage of Kingscliff growth corridor and pending rate cuts to ensure plenty of capital growth
Motivated Vendors - Will be Sold!
RENTAL INCOME:
Approx. $101,400 Gross per annum *
MIXED USE ZONING (MU1):
Allows a broad range of commercial and residential uses, including hospitality, office, healthcare, and boutique living (refer to LEP 2014^).
APRROVED DEVELOPMENT APPLICATION (DA22/0384):
Development consent in place for a shop-top housing project with approx. 882m² of gross floor area, featuring:
2 ground-level commercial tenancies
4 high-end residential apartments
Secure ground-floor parking for 10 vehicles
DUAL STREET ACCESS:
High-visibility frontage to Seaview Street plus convenient rear lane access and secure parking.
PRIME LOCATION:
Walk to Kingscliff Beach, Surf Club, Kingscliff Shopping Village (Woolworths), St Anthony's Primary School, restaurants, cafés, and bars.
EXCELLENT CONNECTIVITY:
5 minutes to the new Tweed Valley Hospital
10 minutes to the M1 motorway
20 minutes to Gold Coast International Airport
45 minutes to Byron Bay
PROPERTY OVERVIEW
Address: 6 Seaview Street, Kingscliff NSW 2487
Land Area: 540m²*
Zoning: MU1 Mixed Use (Tweed LEP 2014)
Local Authority: Tweed Shire Council
Planning Scheme: Tweed Local Environmental Plan 2014
TENANCY SCHEDULE (Current Use):
Unit 1/6 Seaview Street is leased at $550 per week, paid to 10 April. The lease runs from 10 May 2024 to 7 November 2024, and is currently month-to-month.
Unit 2/6 Seaview Street is achieving $500 per week, with rent paid to 13 April. The lease commenced on 13 October 2023 and ends on 12 October 2024 under a fixed-term arrangement.
Unit 3/6 Seaview Street is leased at $550 per week, with rent paid through to 20 April. The lease term is from 7 April 2025 to 21 July 2025.
Unit 4/6 Seaview Street is currently rented at $350 per week, paid to 2 April. The original lease ran from 23 April 2020 to 21 October 2020, and the tenant is now on a month-to-month basis.
Total Gross Rental Income: Approximately $101,400 per annum *.
DEVELOPMENT APPROVAL SUMMARY
DA Reference: DA22/0384
Approval Date: 22 January 2024
Description:
Construction of a mixed-use development including:
Ground Floor: 10 secure car parks (7 for residents, 3 for visitors/staff), waste and storage areas
First Floor: 2 x 2-bedroom residential units
Second Floor: 1 x 3-bedroom unit
Third Floor: 1 x 2-bedroom unit with a multi-purpose room (easily convertible to a 3rd bedroom) and private pool
This is a rare opportunity to secure a premium site in one of the Northern Rivers' most in-demand coastal locations. Ideal for developers, investors, or land bankers seeking a high-impact project with approved plans in place.
All figures marked with an asterisk (*) are approximate and should be independently verified.
^Please refer to the Tweed Local Environmental Plan 2014 for complete zoning and permitted use details.*
All Inspections available by private appointment
Contact Agents:
Shaun Cardillo
E: shaun.cardillo@witheriffgroup.com.au
M: 0416 190 170
Nick Witheriff
E: nick@witheriffgroup.com.au
M: 0405 618 477
