An investment grade office building in the Tweed Heads CBD with government and professional service industry tenants is being offered for sale via auction by Ray White Commercial Coolangatta/Tweed Heads.

The property at 38-40 Frances Street, Tweed Heads, is being marketed by Assi Dadon of Ray White Commercial Coolangatta/Tweed Heads.

Mr Dadon said the property is on a site area of approximately 1,315 sqm and includes up to eight tenancies and has potential to generate rental income in excess of approximately $350,000 net per annum.

"The property has a net lettable area of approximately 1,208 sqm and a number of the units have established tenants," he said.

"This property, which offers 29 secure car spaces, represents an ideal opportunity for an investor to acquire a freestanding tenanted commercial property.

"The recently refurbished secure, two-storey building is well appointed and centrally located in the Tweed Heads CBD.

"It is opposite Tweed Centro and adjacent to the proposed new police station and court house."

Mr Dadon said population growth in the Tweed region was providing significant opportunities for businesses and investors.

"The Tweed has a vibrant regional economy and its proximity to the Gold Coast International Airport and the Port of Brisbane positions the Tweed perfectly to play an integral part in the future growth of the region," he said.

The building will be auctioned at 5.30pm (AEST) on Wednesday, November 13, 2013, at the Currumbin RSL, Currumbin Creek Road, Currumbin.


ENDS

Further enquiries:

Assi Dadon
Mb:  0415 598 588


About Ray White
Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has almost 1,000 individual offices spread across Australia, New Zealand, Indonesia and India as well as newer offices in key locations in the Asian region and the United Arab Emirates. The brand is represented by more than 8,000 staff, has an annual sales turnover in excess of $30 billion and manages more than 300,000 rental properties.