94 Marine Parade, Kingscliff, NSW, 2487, Australia

Land bank this Blue Chip Real Estate prospect with Great returns, Mixed Commercial / Residential whole building for sale, this unique holding is freehold no strata title, On the ground floor there are two large commercial shops currently occupied by the popular Choux Box Cafe secured on long lease until 2031 & Est 1993 Choux Box is Kingscliffs longest running Cafe, A family run Restaurant and Bar nestled in the heart of this popular seaside village.

OPEN HOMES AND INSPECTION TIMES ARE IN NSW TIME.

The entire second floor is occupied by a well presented three bedroom residential apartment with open plan living & Kitchen that expands onto a large front deck via Multi-fold doors with beautiful front row ocean views, The large rear terrace offers a private getaway for drinks with sunset views and rear lane access to the single lock up garage and open car parking accessed from pearl Street Kingscliff.

This building was originally built in Circa 1973

Commercial rent from Choux Box Cafe 2024: $115,915.56 Incl GST
Residential apartment currently leased for $800 per week $41600 per annum - Our current rental appraisal is $1000 to $1050 per week
Total annual return; $157,515.56 Gross with potential to be $167,915.56

Zoned: B4 Mixed Use
Objectives of zone: To provide a mixture of compatible land uses.
: To integrate suitable business, office, residential, retail and other development in accessible locations so as to maximise public transport patronage and encourage walking and cycling.

Inspections of the Cafe can be arranged outside of service hours contact Julian Cleak on ph: 0400 617 494.


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