A group of 6 fully-leased ground-level local businesses with proximity to Cabarita Beach have been sold for $2.75 million.

Comprising a net lettable area of 601 square metres, the property at 51 Tweed Coast Road spent 21 days on the market before being purchased in a deal negotiated by Darren Jones and Aaron Neylan of Ray White Commercial GC South.

Mr Neylan said the sale was conducted entirely through the agency's database.

At a glance:

• A group of six fully-leased ground-level local businesses at Cabarita Beach in the Tweed Coast Region of Northern NSW have been sold for $2.75 million.
• The deal was negotiated by Darren Jones and Aaron Neylan of Ray White Commercial GC South.
• The property at 51 Tweed Coast Road features a nett lettable area of 601 square metres and an annual net income of approximately $183,833.84.

Features of freehold site include an annual net income of approximately $183,833.84, B2 - Local Centre, ample basement car parking, and a land size of 1,126 square metres with council reserve at the rear.

The building also had significant upside with the potential of residential units above, subject to engineering and Council approval.

Cabarita Beach is located within the Tweed Coast region of Northern New South Wales, approximately 23 kilometres south of the New South Wales/Queensland border and close to the site of the soon to be constructed Tweed Valley Hospital.

The region is a popular weekend and holiday destination for interstate visitors due to pristine locations and proximity to Gold Coast International & Domestic airport and Pacific Motorway.

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