Kollosche Commercial auction: 2 River Terrace, Tweed Heads
The site of an iconic waterfront restaurant in the heart of Tweed Heads is expected to pique the interest of investors and developers when it goes under the hammer this month.
Get Hooked Seafoods has been serving up fresh and cooked seafood since 1977 on the 1943m2 site at 2 River Terrace in Tweed River Harbour.
Known across the region for quality seafood and old-fashioned service, the business generates a gross rental income of approximately $96,000 per annum for the property. A lease agreement is in place until May 2022 with the option to extend.
Launching a 4-week campaign, Kollosche Commercial agent Tony Grbcic says the high-profile property is a one-of-a-kind opportunity in a premier lifestyle location.
“Tweed Heads and the Far North Coast region of NSW is experiencing rapid growth in both population and sectors such as health, construction, retail, education and tourism,” says Tony.
“Investors and developers will recognise the opportunity to capitalise on a site with direct water frontage in proximity to amenities and local infrastructure.
“There is nothing else like it on the market in this Tweed region.”
The site has a total area of 1,943m2 comprising 963m2 Freehold Title and 980m2 of Crown Leased area, a 32.2-metre road frontage to River Terrace, and approximately 40.5 metres of direct water frontage.
Zoned ‘B4 Mixed Use’, the holding lends itself to a variety of potential development opportunities including residential, retail, commercial, medical and childcare.
“Any future development would take advantage of river and ocean views,” says Tony.
“The zoning allows for a multi-level mixed-use development with retail on the ground floor and residential apartments up to three storeys.”
The auction will take place onsite at 2 River Terrace, Tweed Heads on Sunday 28 March at 11am. Contact Tony Grbcic for an Information Memorandum on 0407 968 667.