6 Florence Place, Tweed Heads, NSW 2485

Our owner's circumstances have changed and this amazing blue chip development site is ready for new owners. This is an extremely rare opportunity to secure a superb development site, situated in arguably one of the most rapidly growing suburbs in Northern New South Wales. Perfectly located, this 965m2 block is zoned R3 Medium Density Residential with a 22m height limit. With a current DA approval for a 5 storey proposed development consisting of 27 self-contained rooms plus a Manager's Apartment and 17 on-site car spaces.

At present, the current property consists of a block of 4 apartments, 1 x 2-bedroom unit and 3 x 1-bedroom units are all self-contained and tenanted. You can build now or build later and land bank for future capital growth whilst maintaining a strong rental income appraised at $8,000 per month (Currently returning $7,083 per month since June 2023). There is also a current DA application from the owner that is 95% complete which we can provide further details to interested parties. This proposed DA is for a 6 storey building consisting of 14 one bedroom apartments and 5 two bedroom apartments with 23 on-site car spaces.

Centrally situated and is only a stone's throw away from major shopping centres, hospital and medical centres, the Tweed Marina, world-famous Beaches, Schools and the University campus, dining precincts, Twin Towns, cafes and the M1 Motorway, 6 Florence Place has it all!

* 965m2 site with DA approval for 27 self contained rooms, manager's unit plus 17 car parks across 5 levels

* Build now or build later and take advantage of a strong current holding income of $84,996/year appraised at $96,000/year

* Current complex consists of 3 x 1-bedroom & 1 x 2-bedroom self-contained units with 4 bathrooms

* Golden opportunity for someone looking to landbank, build or invest

* Centrally located to public transport and local amenities

* Rarely available in this highly sought after location

* Absolutely must be sold and owners will sell prior to auction

* All offers will be presented prior to auction - Golden opportunity

* DA approved plans available upon genuine requests

Location:

Club tweed - 0.24km

Tweed Heads Library - 0.6km

Tweed Mall & Medical Centre - 0.65km

Tweed Heads Market - 0.7km

Tweed Marina - 0.8km

Chris Cunningham Park - 0.9km

Twin Towns Services Club - 1.0km

Greenmount Beach - 1.3km

Coolangatta State School - 1.8km

The Strand Shopping Centre - 1.9km

Duranbah Beach - 2.1km

Snapper Rocks - 2.2km

Kirra Beach House Hotel & Siblings Restaurant - 2.4km

Pacific Motor Way - 2.4km

Gold Coast Airport - 4.1km

Coolangatta & Tweed Heads Golf Club - 5.8km

John Flynn Hospital - 7.5km

Fingal Head - 11.3km

Disclaimer:

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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