36 Sutherland Street KINGSCLIFF NSW 2487
CONTACT AGENT

DESCRIPTION

An absolute exclusive opportunity to acquire one of Kingscliffs 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 Sutherland Street.

The R3 Medium zoning allows for a mixed residential development (subject to approval). The opportunity available to the market will offer the incoming buyer an opportunity to enjoy a short or midterm income from three separate tenants, whilst they master plan a future development program, which could be staged onsite.

Simply purchase to enjoy a beautiful coastal lifestyle atop the hill, which offers sweeping views of the coastline from Fingal through to Cudgen Creek and surrounds. Designed to offer flexibility, this wonderful holding will also suit a home occupier looking for a trophy beachside asset, with extra income from tenants downstairs, or an astute investor looking to take advantage of a truly rare opportunity with the site currently being 100% lease.

Are you looking to own your dream beachside location with extra income ? If so, this will also tick all your boxes !!

The first floor 3 bedroom apartment offers a large open planned living room with priceless views out to the mountain ranges in the west and an eastern, large balcony overlooking the Pacific Ocean and Cudgen Creek.
The total holding is currently returning almost $960 per week and is on a periodic lease agreement to long term tenants. Unlock the development potential or consider securing a longer term lease arrangement, the choice is yours.

The subject site is zoned R3 Medium Density Residential, zoning pursuant to the Tweed Local Environmental Plan 2014. The zoning permits a range of residential uses, opportunities to subdivide the land or build up to six (6) dwellings, subject to development consent.

LJ Hooker Kingscliff are delighted to present 36 Sutherland Street, Kingscliff to the market.
- Two street access (Hungerford Lane/Sutherland Street)
- 682.9 sqm site area - R3 Medium Residential zoning (9m height)
- Iconic re development site or long term freehold tenure
- Five bedroom classic freestanding beachside unit complex (3 units)
- 100% leased investment
- Unlock significant development potential
- Enjoy holding income from settlement

For more information please contact Nick Witheriff or Carol Witheriff (LJ Hooker Kingscliff)