Coveted development site in Tweed Heads listed

A new development site in Tweed Heads has hit the market, listed under Ray White Commercial.

The Announcement:

Uniting have just announced their sought-after development site in Tweed Heads has hit the market, with price expectations in the $6 millions.

The 8,884 sqm site at 68-78 Keith Compton Drive, Tweed Heads, is located moments from the Tweed River and some of the most stunning beaches in Australia, as well the Tweed Hospital, Tweed Mall and popular Twin Towns and Tweed Heads Bowls Club.

Ray White Special Projects’ Matthew Fritzsche and Ray White Commercial Western Sydney’s Peter Vines, in conjunction with Shane Nicholson of Commercial Collective have been appointed by the group to manage the sale.

“Uniting originally had an aged care facility on site with plans to redevelop, however they have prioritised plans for a co-located project in nearby Kingscliff that they are focusing on instead,” Mr Vines said.

Matthew Fritzsche said that the market in this area had seen substantial growth over recent years, having recently completed a number of large scale development site transactions.

“This area is becoming increasingly sought-after by developers, wanting to capitalise on the migration away from major cities into coastal towns,” Mr Fritzsche said.

Peter Vines said that he expected the campaign to draw interest from both local and interstate developer groups.

There is huge demand for sizable land offerings from developers all over the coast at the moment, so we are expecting a robust campaign,” Mr Vines said.

There is also strong demographic demand for more aged care and retirement product in the Tweed Heads region, we expect solid enquiry from seniors living operators,” Mr Nicholson said.

Source: Ray White Group

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