57 Ballina Street, Lennox Head NSW 2478

Mixed-use income holding | Main street Lennox Head | Four shops plus two apartments | Rare commercial-residential blend This property is competitively rare for Lennox Head, combining four street-front retail tenancies with two modern rear apartments in the village core. It is not a standard house but a purpose-built income property, best suited to an investor or owner-operator seeking immediate rental return from fully tenanted commercial and residential spaces. The land size near 850 square metres on the main commercial strip is unusual, and the contemporary finishes in the apartments suggest the residential component can attract lifestyle tenants or holiday guests. The property sits in a tightly held coastal town where mixed-use holdings of this scale seldom trade, which strengthens its position for buyers looking for diversified income in a high-demand location. The split between commercial and residential use may affect how different buyers value the property, as each component appeals to a separate tenant market. The main street location brings constant foot traffic and trade exposure, but it also means less privacy than a residential street, which could influence long-term residential tenant satisfaction. Parking availability across eight spaces is a clear advantage for both retail customers and apartment residents, though the configuration of access via Rayner Lane may need to be reviewed for practical use. The absence of bushfire, flood, or heritage overlays simplifies due diligence, but a buyer should still confirm zoning allowances for the current mix and any future redevelopment potential.