Cairns City QLD 4870
EXPRESSIONS OF INTEREST

DESCRIPTION

Phone enquiries - please quote property ID 25975.

IDEAL FOR DEVELOPMENT (STCA)
INSPECTION AVAILABLE BY APPOINTMENT ONLY

Large corner block of land in Cairns City with current profitable share house business or for potential development. Multiple buildings are onsite with a stand-alone manager's house. Live there and manage the business while deciding or demolish to build apartments (STCA). Opposite Munro Martin Park and moments from the city centre and Cairns Central Shopping Centre.

RPD: Lot 11 RP: 748875
Total Land Area: 3057sqm
Dimensions: Frontage to Grafton Street - 60 meters and Minnie Street - 50 Metres
Title Encumbrances: Nil. There are no easements on the property.
Zone: Medium Density Residential

TENANCY: There are currently casual week-to-week tenants in place including some long-term residents.

DEVELOPMENT OPPORTUNITY: This site is ideal for high-density strata-titled residential development subject to council approvals and design.

Current improvements include five buildings including a highset owners residence, office and lounge area, a mixture of 40 single and double rooms, swimming pool, communal kitchen and associated bathroom and laundry facilities

Ground Improvements include:
• In round concrete swimming pool to Grafton Street frontage
• Covered dining area off main communal kitchen
• Large covered entertainment area to Minnie Street frontage
• Open car parking facilities
• Boundary fencing and basic landscaped lawns and gardens
• Clothes drying area
• A workshop and three storage rooms

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.