The Weekly Real Estate from Coast to Country, September 7, 2023

Tweed commercial sector booming

By Jonathon Howard

COMMERCIAL REAL estate across the Tweed Shire and southern Gold Coast remains hot property this year, according to local agents, and is being largely driven by mum and dad investors.

Families who have already made the shift up from Sydney or Melbourne are now on the lookout for commercial properties to set up businesses.

However, while demand is high, stock is in short supply, according to DJ Stringer commercial property specialist Peter Antony.

Mr Antony said the Tweed and Coolangatta markets are now on people’s radar, especially for commercial investment.

“During COVID-19, a lot of Sydney and Melbourne residents made the move up here for the lifestyle and they’re now looking closely at commercial properties to set up businesses or for future investments,” he said.

“The problem is the supply is limited but demand remains high.

“We’re seeing a lot of mum and dad investors as well as investors from down south.

“I’m taking a major commercial retail centre to market next month at South Tweed, that will list for around the $9-million range.”

Mr Antony’s advice to those looking at commercial properties is to “be patient”.

“Supply is currently low but new fresh stock will come onto the market in the next three to six months,” he said.

“I’ve had one of the best sale runs in the market for the past nine years.

“I think the redevelopment of the Tweed Mall, which is almost one billion in investment, is also helping kick along the Tweed Heads and Coolangatta commercial boom.”

DJ Stringer principal David Stringer added to Mr Antony’s comments that the commercial market is seeing “plenty of demand across Coolangatta” and small businesses such as cafes and restaurants are the focus.

“Rents have eased slightly for business operators and commercial tenants,” Mr Stringer said.

Mr Stringer said now was the time to get into a commercial property.

“Even just mum and dad investors are coming into the commercial property sector for a great rate of return and hasslefree tenancy,” he said.

“We also manage the commercial properties for our clients and that ranges from a

small retail shop to a group of factories.”

Elders Tweed Valley and Coolangatta principal Craig Dudgeon said that a lot of investors are looking at commercial properties for a solid investment.

“We have one commercial property at 71 Wollumbin Street, opposite Sunnyside, which is the Hutchinsons building,” he said.

“We’ve had a lot of interest from interstate investors, as well as mum and dad investors.

“The business is for sale separately, or you can buy both.”

Mr Dudgeon said his advice in commercial real estate is to look at the small industrial sheds to get a feel for the market first.

“As we know in Murwillumbah and Tweed, vacancy rates are extremely low, which translates to a secure investment in commercial real estate, as you do not have any long-term vacancies,” he said.

Mr Dudgeon said the first step in commercial investment is to seek advice and have those conversations with Elders or your local agent.

“This is all about return on investment in the commercial sector, so you need to have the right advice to make a savvy investment,” he said.

“I currently have less than 20 commercial properties for sale or lease,” he said.

“Some of them are snapped up before the current tenant has even moved out, although there are some that remain on the market for longer.”

Real Specialists

Commercial real estate agent Assi Dadon said he agrees with the statements above and wanted to add that many commercial buyers are becoming owner-occupiers.

Mr Dadon said in the last few years many Sydney and Melbourne residents have moved into the area.

“The current rental and sale prices are some of the highest in Murwillumbah that we’ve ever seen previously in the region,” he said.

“It now takes longer for me to get a deal across the line.”

Mr Dadon said it was important

to do your homework and ensure you are ready for a scenario that could be negatively geared based on current interest rates and return on investment.

Mr Dadon said he had a tenant already signed up for 37 Wharf Street in Murwillumbah, with local business set to open a second Cicada by Ayliah, which is moving from its current site to offer a bigger and better frontage for retail.

Mr Dadon said any quality locations that are flood free and highly sought after are often filled before the current tenants vacate.

“We’re seeing this across the Tweed Shire,” he said.

“It also depends on other factors, but they are highly sought after. Sometimes properties that are in the flood zone are still taking interest from the market, it’s based on the location, quality, price, exposure to customers, traffic and other factors.”

Elders are currently listing 71 Wollumbin Street in Murwillumbah as a great commercial opportunity

THE SPRING MARKET IS HEATING UP

At JET, we deliver a complete ‘end-to-end’ service. We assess your property, advise you on the health of the property market, access a wide range of genuine buyers and help you prepare your property for sale. We are committed to making sure you get the best possible price.

Our team lives and works here in the beautiful Northern Rivers and we’re serious about doing right by our community. We value the relationships we form with our clients, helping locals to relocate and welcoming new owners to the area with open arms. After all, we’re going to be neighbours.

If you’ve been thinking of selling, Spring is one of the best times to sell your home. Contact us today for a complimentary appraisal.

46 Lorien Way, Kingscliff

Executive Home | 5 brms | 2 living | pool & entertaining

This wonderfully private and low maintenance rendered brick home features extensive outdoor living overlooking a sparkling 9m pool Family friendly with 5 bedrooms, open plan family & separate lounge, 2 modern bathrooms, great storage, bamboo timber floors, new carpets & paint, air conditioning throughout, modern and sleek galley kitchen with butler's pantry Solar power (10kw - 32 panels) Perfect for entertaining and relaxing with family and friends and conveniently positioned to the beach, shops, new hospital with the M1 access for the daily commute

26 Prince Street, Murwillumbah

4 spacious brms | 2 living areas | studio | covered car accom

Beautifully presented and maintained 1940's bungalow in flood free position within walking distance to the town centre Superbly elevated with a north-east aspect, cottage gardens & car parking for 2-3 cars from a two street access Original features include 11ft ceilings (approx ), original windows, French doors, polished timber floors, a weatherboard exterior and a list of updates already completed Dual living with 3 bedrooms, 2 living areas (main residence) and a self-contained studio at the rear with its own entrance ideal for home business, family or income

1382 Numinbah Road, Chillingham

20 Dorset Street, Murwillumbah

Open Home Sat 11 - 11.30am

Guide Range $880,000 to $920,000

Featuring a steel frame and rendered brick construction, this well presented home is set back in a flood-free, elevated position amidst a leafy and private setting that is low maintenance and easy home to live in

4 brm, 2 bath main residence | 9x7 shed | 1 brm studio | 2700m2 Open Home Sat 12 15 - 1 00pm

Complemented by a 1 brm studio and 9x7 Colorbond shed the 2700m2 is a haven for birdlife and features an established rainforest garden with Camellias, palms and ferns, orchids, stone and Helidon sandstone pathways, rock-edged pond with waterfall and two Japanese bridges The Camellia walk showcases more than 30 different types of Camellias ensconced among the evergreen native and exotic species

3 brms | mountain views | fenced back yard | flood free

1940’s Bungalow loaded with original features; weatherboard cladding, timber floors & windows, decorative plaster cornices, high profile skirtings & vintage fireplace The large front covered deck takes in mountain views to the Border Ranges & Springbrook Offering 3 bedrooms (king size main), a family bathroom with toilet and a second toilet and laundry at the rear adjoining the covered patio Air con lounge room and ceiling fans in the lounge, dining and main bedroom Solar panels (12) and a new inverter (grid connected

Open Home Sat 9-9 30am

Price $799,000

TRANQUIL COUNTRY LIVING - fun & space for the whole family'

87 Garden Avenue Nunderi

Step into a world of timeless elegance with this exquisite (5) bedroom (3) bathroom Federation residence, nestled on a sprawling 9200 square meter allotment (over 2 acres) within the enchanting locale of Nunderi.

Beyond its grandeur, the property boasts a luxurious 25-meter lap pool, while the ample 7-car parking ensures both convenience and comfort for you and your guests.

KEY FEATURES: Upper Level

• Wrap around veranda w/observation deck overlooking parkland style gardens

• 2 Pac kitchen spotted gum breakfast bar, 900w Belling gas cooktop, electric dual oven and grill, stone benches & Dishwasher

(07) 5599 5222

• Reverse split system A/C in living room

• Colonial Western red cedar windows & doors

• Master suite w/ walk in his/hers robes, ensuite & access to veranda

• Bedrooms 2 – 4 w/ double built in robes

• Main bathroom w/ large bath & combined WC

• 4.3m high pitched ceiling in living/dining room and 2.7m ceilings in bedrooms

• Ceiling Fans throughout

• Double auto lock up garage w/ separate WC, internal access & laundry w/clothes dryer

Lower Level (Guest Room)

• Dual access (internal and front entrance)

• Spacious open living

• Separate bathroom

76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au

537 bath bed

car

pool

For Sale

Buyers Guide $1.850M - $1.900M

Open Saturday 9th - 10:00 - 10:30am

David Stringer 0418 150 731

david@djstringer.com.au

CONTEMPORARY COASTAL HAVEN - just 700m to the beach

53 Laceflower Parade Casuarina

Experience the essence of living close to the sea and a myriad of lifestyle conveniences, from this modern (4) bedroom coastal home, built in 2014, which offers a spacious and light-filled living experience. With its lowset design and high-pitched ceilings, the home creates an airy and open atmosphere that seamlessly blends indoor and outdoor living.

MAIN FEATURES:

• Open plan tiled living

• Social kitchen w/ stone benchtops, gas cooktop & walk in pantry

• Spacious light filled lounge boasting high pitched ceiling at 4.1m

• Master bedroom w/ generous walk-in robe & ensuite

• Bedrooms 2, 3 & 4 offer built-in robes and ceiling fans

• 3-way bathroom w/ separate toilet & bath

• Relaxing North/East facing undercover entertaining area

• Internal laundry w/ side access to external clothesline

• Automatic double garage offering internal access

• Fully fenced low maintenance gardens w/ artificial turf (room for a future pool)

• Water tank & Garden shed

GRAND LIVING - on top of the world'

Land Size 469 m2

For Sale

car

Buyer Range $1.450m - $1.490m

Open Saturday 9th 9:00 -9:30am

David Stringer 0418 150 731

david@djstringer.com.au

3163 'Bay Grand' 2 Thomson Street Tweed Heads

Elevate your living experience to new heights with this near-new (2) bedroom stylish apartment, perfectly positioned on the top floor at level 16 of 'Bay Grand'.

Your luxurious residence, within the heart & soul of both Coolangatta & the Tweed, commands panoramic 180-degree views from Coolangatta to Surfers Paradise, as well as the picturesque Tweed Hinterland & Mt Warning.

KEY FEATURES:

• Open plan tiled living & dining area

• Hostess kitchen w/ gas cooktop & integrated dishwasher

(07) 5599 5222

• Master bedroom with ensuite, walk-thru his/ hers robes & access to balcony

• Second bedroom with built-in wardrobe & access to balcony

• Generous full length entertainers balcony boasting magnificent ocean & Hinterland views

• Internal laundry

• Ducted air-conditioning

• 2 x secure basement car spaces + large storage cage

• Lift facilities & intercom

• 2 x resort style pools, BBQ areas & quality gym facilities

• Pet friendly (with Body Corporate approval)

76 Griffith Street Coolangatta | Open 7 Days | www.djstringer.com.au

bath bed

car pool

For Sale

Expression of Interest

Open Saturday 9th 11:30 - 12:00pm

David Stringer 0418 150 731

david@djstringer.com.au

the home of real estate

Do not miss this extremely rare opportunity to acquire this exceptional / one of a kind commercial property located in Chinderah 2487 NSW that did not succumb to flooding. This impressive concrete structure with complete internal fit out is approximately 600sqm over two well-appointed levels with a General Industrial zoning - the potential commercial applications are extraordinary The expansive and elevated façade provides excellent signage opportunities, with ample on-site parking directly to the door The site is also additionally secure being fully fenced with an electronic gate Any astute commercial investor or owner operator will appreciate the immense value of holding such a well-appointed and ideally positioned commercial property with mixed use options This incredible blank canvas site is waiting to be optimised to its full capacity and has so much value with its variable potential. This is an exciting opportunity that will not last long!

• Highly desirable stand-alone industrial property in key location

• 4 kms (approx) from the under construction $500 million Tweed Valley Regional Hospital

• 11km south of the Gold Coast International Airport & 5km from Kingscliff Beach

The epitome of modern living - an exquisitely renovated residence that blends comfort, convenience, and style in a serene, quiet neighbourhood of Banora Point Boasting a range of exceptional features and a prime location, this property promises an unparalleled lifestyle for you and your family Meticulously designed private resort-style home, surrounded by lush tropical gardens and orchids, creating a tranquil oasis Nestled in a quiet cul-de-sac, just a short stroll away from the newly revamped Banora Shopping Village with easy access to M1 and conveniently located only ten minutes from Kingscliff and Coolangatta Beach Embrace the opportunity to own a low-maintenance dream home and fashion your personal paradise Claim your slice of tranquility in this serene location today

ANNE CONQUERS ICELAND!

Local First National Real Estate agent Anne Besgrove has completed the Fire and Ice 2023 in Iceland’s Toughest Foot Race on Saturday 2nd of September finishing 3rd fastest woman and overall 25th out of the 45 competitors. Annes goal was to complete the 250 kms over 6 days with the constantly changing Icelandic terrain. Such an amazing job. We are so proud of Annes incredible efforts and followed her journey along the way.

Anne has chosen Wedgetail Retreat as her charity to support during this event. Anne would like to thank those who have already donated and would love to invite anyone else that would like to contribute to this deserving charity to go online and do a direct donation. Thank you.

To donate, please scan here

To see the Fire And Ice website, please scan here

“DOONADILLA” BREATHTAKING

YOUR OPPORTUNITY AWAITS!

This breathtaking property, privately located at the end of a valley, spans 172 acres and has been owned by only two families for nearly 80 years. It features two homes with commanding views, set against National Parks and iconic landmarks, and includes 70+ breeding cows and calves, horse facilities, and established fruit trees. The main home, built in 1938 and renovated in 2021, boasts a new kitchen, bathroom, flooring, and an insulated flyover deck for alfresco dining. The property also includes a 3-bedroom cottage, large machinery and tractor sheds, dairy bales, pump shed, undercover cattle crush, cattle working areas, and cow bales. Water is abundant with creeks, a large spring-fed dam, and excellent fencing and clean paddocks bordering the National Park. The farm features deep red to black soil, excellent water, and its own quarry for farm use.

The property is superb grazing land with facilities for horses, including a full-size galvanized steel working arena, five horse paddocks, electric fence, two horse stables, six large cattle paddocks, and three dog pens. The house yard features avocado, mango, citrus, pecan, macadamia, and pawpaw trees, among others. The property, offered for sale, includes two homes, making it an excellent investment for those seeking a private getaway with significant agricultural potential.

PRICE GUIDE: $3.5 M – $3.8 M

For a private inspection call John Besgrove on 0403 513 924 or Anne Besgrove on 0402 608 503

VIEWS, ABUNDANT WATER.

TWEED COOLANGATTA REAL ESTATE

Thinking Real Estate. Think TCR.

5/12 Marian Street, Tweed Heads West

THIS NEAT AND TIDY TWO BEDROOM DOUBLE STOREY TOWNHOUSE OFFERS THE INVESTOR A GREAT OPPORTUNITY.

Features:

• Recently recarpeted lounge and dining & bedrooms

• Two great sized bedrooms with built-in robes upstairs

• Master with east facing balcony

• Separate laundry, 2nd toilet on lower level, single lock-up garage

• A pleasure to inspect, vacant & ready for the new owner

Asking Price: $439,000

Michael Smith 0413 454 350 michael.smith@tcre.net.au

2043/14 Stuart Street, Tweed Heads

IN TOWN APARTMENT VIEWS OVER THE BOAT HARBOUR & OCEAN

Features:

• Generous size offering open plan living dining

• Spacious kitchen with granite bench tops, gas cook top,

• Two bedroom, main with ensuite, good built-ins throughout, Main bathroom with bath tub

• Large sunny covered balcony with all weather shu�erS

Price Guide: $780,000$820,000

Michael Smith 0413 454 350 michael.smith@tcre.net.au

3083/2 Thomson Street, Tweed Heads

‘BAY GRAND’ 8TH FLOOR NORTH FACING POSITION - OCEAN & RIVER

VIEWS

Features:

• Located on the 8th level, taking in views sunshine & cooling breezes

• Modern decor with stylish fixtures & fi�ngs

• Two spacious bedrooms, ensuite to main bedroom & balcony access, good built-ins

• Covered balcony - ideal for relaxed entertaining taking in the views on offer

* Tandem double car space

* Resort facili�es with 2 pools, gym, li� access, secure access & parking

Price Guide: $1,050,000 - $1,100,000

Michael Smith 0413 454 350 michael.smith@tcre.net.au

1/315 Golden Four Drive, Bilinga

AFFORDABLE BEACHFRONT APARTMENT

Features:

• Open plan living dining & galley style kitchen, open to wrap around balcony

• Two bedrooms, both with built in robes and ceiling fans

• Main bedroom with ensuite & air condi�oning

• Main bathroom with shower/ bath combo

• Large private wraparound balcony, ocean glimpse & over looks the pool ,Private path directly to beach

Price Guide: Interest over $795,000

Kaeren Smith 0412 454 150 kaeren.smith@tcre.net.au

Auction 26th September

In-Rooms 6pm

A Story Dating Back Twenty Three Years. This Flametree Estate is renowned for its easy walking to the local shopping village, and close to local sports clubs, schools and public transport. This original residence in Flametree is available for you to make your mark and claim one of the premium positions

public transport. This original residence in Flametree is available for you to make your mark and claim one of the premium positions before it's too late.

Auction 26th September

In-Rooms 6pm

location sits this ocean view top floor unitWelcome to 8/242 Marine Parade, Kingscliff. From its elevated position it offers a great ocean view with the nature

reserve in the foreground. Being positioned on the northern end of Marine Parade means a more secluded position and often gives a feeling that you almost have the beach completely to yourself.

Positioned on the exclusive Marine Parade location sits this ocean view top floor unit- Welcome to 8/242 Marine Parade, Kingscliff. From its elevated position it offers a great ocean view with the nature reserve in the foreground. Being positioned on the northern end of Marine Parade means a more secluded position and often gives a feeling that you almost have the beach completely to yourself.

T. 07 5513 0300

T. 07 5513 0300

T. 02 6674 3957

T. 07 5513 0300

2/34 Oyster Point Rd, Banora Point NSW 2486

Shop 5/486 Casuarina Way, Casuarina, NSW 2486

Tate Brownlee

Brad Kopcikas-Yates 0408 251 988

brad@tbre.team