63-65 Ballina Street Lennox Head NSW 2478

Colliers are pleased to present for sale "Lennox Central" 63-65 Ballina Street, Lennox Head NSW 2478.

This beachside flagship retail investment offers the market an exceptional opportunity to acquire, a local centre zoned, strategically located freehold featuring 508m² of lettable area on a prominent 895m² site in one of the Northern Rivers most prestigious & tightly held suburbs.

This blue-chip offering is positioned in the suburbs CBD benefiting from the local community & the 950,000+ tourist that visit this coastal destination each year.

Comprising of 8 shops spread across 6 tenancies this property presents the astute investor an opportunity to be take part in the forever growing Northern Rivers corridor.

Property Highlights Include:

- Estimated Net Income: $250,816 per annum
- 2.6 Year WALE (By income)
- 88% Occupancy Rate Offering Immediate Upside
- 508m²* Net Lettable Area
- 895m²* Land Area
- Approx. 32 Meter Frontage to Ballina Street
- E1 Local Centre Zoned
- Set to benefit from annual tourism visitors amounting to 976,000 for 2023 and growing strongly (source: Tourism Research Australia)
- The permanent population of Lennox Head is expected to explode by 52%* by 2046 and will comprise of a total of 12,829* residents with Ballina Shire to grow to 62,308 residents (source: ABS)

Locality Highlights Include:
- Moments from Seven Mile Beach
- Lennox Head Public School: 700 metres*
- Lennox Head Reflections Holiday Park: 1.1 kilometres*
- Lake Ainsworth: 1.4 kilometres*
- Pat Morton Lookout: 1.9 kilometres*
- Ballina Byron Gateway Airport: 17 minutes' drive*
- Byron Bay: 23 minutes' drive*
- Ballina: 14 minutes' drive*
- Gold Coast Airport: 86 kilometres*

Colliers predict an offering of this quality to capture a large amount of interest both locally and interstate. For further information or to organise an inspection, please contact the exclusive Colliers agents.