MURWILLUMBAH NSW 2484
- PROPERTY DETAILS
- BUILDING DETAILS
Now you can view details about this building.
Click this tab to view!
- Hotel / Leisure
- Floor area:
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 6 Oct 2016
Historic Freehold Waterfront Wedding and Functions Venue
Ray White Commercial has pleasure in offering For Sale the property known as Greenhills on Tweed'.
131 River Street South Murwillumbah, NSW.
Securing riverside retail and commercial in Northern NSW is a rare opportunity. The subject property is a prime central
location offering many benefits to future owners.
This historic two level building sits on a 1802sqm site and is located on the banks of the Tweed River close to
- Iconic riverfront Restaurant / Function / Reception Venue
- Commercial Kitchen
- Internal Dining Area + Alfresco Dining for over 100 patrons
- Additional outdoor dining area
- Riverside Jetty
- Two Bedroom owners accommodation + lounge + bathroom
Greenhills on Tweed provides huge potential to strengthen current returns and to maximize future capital growth.
Future options include:
- Take over the existing operation as is and benefit from an immediate income stream
- Expand the already successful Restaurant / Functions Venue
- Sub-lease the commercial kitchen facilities to generate an additional income stream
- Purchase the property and use it for investment purposes by leasing it out to an experienced business operator
About Greenhills on Tweed
Greenhills on Tweed is one of Murwillumbah's oldest and most beautiful buildings, oozing class and sophistication. Built on the banks of the Tweed River in 1907 by a surveyor, this very special venue will amaze you with its style, delicate tones and yesteryear culture.
Greenhills on Tweed was purchased by the current owner in early 2009, who has spent the last 5 years lovingly restoring the venue to its former glory. Much of the original architecture has been maintained including the decorative pressed metal ceilings which were imported from New York over 100 years ago, and the beautiful chandeliers.
During his tenure the current owner has also made the addition of a large jetty on the rear of the property which can easily accommodate the arrival of wedding parties or function guests.
Due to the current owner's other business interests and time commitments he has been operating the business on a
part-time basis for selected functions only for the past few years. The business regularly accommodated the local
business Chamber of Commerce meetings as well as regular weddings and other functions.
The opportunity now exists for a new operator to purchase this amazing venue and focus on growing the business on a
more full time basis. With seating capacity for over 100 patrons this is one of only a handful of private reception venues in this area with the capacity to handle larger customer numbers.
The site features great on-site parking facilities in addition to a large dry storage area underneath the building which is ideal for the storage of additional tables and chairs.
Greenhills on Tweed also comes with a modern two bedroom owner's residence which has a separate secure entry and
fantastic views over the Tweed River. It would be a comfortable residence for a new operator, could be offered as employee accommodation, or would even be suitable to lease out separately if desired.
The business already has many forward bookings for functions and events. These can be seen on the coming events section of the website www.greenhillsontweed.com .
With his many other business interests taking up his time the current owner is placing the business and freehold land
and buildings on the market as a going concern. Properties of this calibre rarely hit the market. The business also has a large amount of potential upside to a full time operator.
Conduct an internal virtual inspection of the property by clicking on this link: https://www.google.com.au/maps/@-28.337962,153.399481,3a,75y,39.1h,55.2t/data=!3m5!1e1!3m3!1sBtRpqRMvnxEAAAQJKfjy7g!2e0!3e2 ,
or by going to www.greenhillsontweed.com today!
Ray White Commercial GC South
Shop 14-15 'The Strand' Griffith Street, Coolangatta QLD 4225
Servicing Northern NSW and the Southern Gold Coast
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information