Income and development potential!

Centrally located just a 150m walk to the beach, next to the headland and in the heart of the ever-growing coastal village of Corindi Beach, is the rare opportunity to buy this commercial retail precinct. Zoned E1 Local Centre, the 1969m2 block features an existing development at the front with three great tenancies in place, providing income from the outset. There is also 879m2 (approx.) vacant land at the rear ready to be developed, with council guidelines permitting with consent ventures like shop top housing, centre-based childcare facilities, commercial premises, medical centres and motel/hotel accommodation. Corindi Beach is a fast growing community, with exceptional capital growth over the past 4 years. Two new residential subdivisions are expected over the next 12-24 months, one of which is adjacent to the property. The property also adjoins the Corindi Beach Reflections Holiday Park.

The building was constructed in 2014, and consists of three shops, all with street frontage - a café, tattoo studio and chemist - all with current leases in place. The site also includes 8 staff car parking spaces, including one disabled space, double access driveway (all concreted), bin enclosure, common area toilets and shower, wrap around concrete veranda, grassed enclosed courtyard for the café, security cameras, grease trap access to shops 1 and 3, and all shops with water and 3-phase electrical separately metred.

A lot of thought has gone into the construction of the existing building, giving it a village shopping precinct feel, and marking it on the map as the central location of the community, which also boasts a general store, Reflections holiday park, Post Office, sporting grounds, two children's playgrounds, hotel/pub, pre-school and primary school among other things.

For further information including financials on the property please contact Fay Smith or Clara Seymour today. The owners of this property are motivated to sell, in order to finance the development of the parent property into a residential subdivision, so this is your perfect chance to grab hold of real estate not typically or often placed on the market.