Tweed Heads office building sold for $2.7 million
Katherine JimenezDecember 7, 2020
An office building occupied by government and professional services tenants in the Tweed Heads CBD has sold under the hammer for $2.7 million.
The 38-40 Frances Street property was purchased by an investor from northern NSW on behalf of an overseas-based owner.
The selling agent was Assi Dadon of Ray White Commercial.
Mr Dadon said the building on an area of about 1,315 square metres included eight tenancies and "had potential to generate rental income in excess of $350,000 net per annum".
Recently refurbished, the two level building has a net lettable area of about 1,208 square metres.