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Tenanted Investment Property with Great Future Development Prospects
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  UNDER OFFER  

Property Location: 25-27 Rowe Street Earlville - CAIRNS - QLD

Listing Id: 19876305  

Bedrooms

1 17 x one BR units and 1 x 2BR unit

Bathrooms

1 1 bath in each unit

Land

Size: 2496 Square Mtr Approx  

Description: Colliers International (Cairns) Pty Ltd is pleased to present this tenanted residential unit complex, located in the highly populated and a key suburban growth area of Earlville, for Sale by Expression of Interest.

Developed and meticulously maintained by the Cairns Legacy Club, the property has provided subsidised accommodation for war widows for some 20+ years. Motivated to enable the Club to provide a wider variety of support to those in need within this region, the Board has made the decision to sell the facility while retaining a head lease over the property for the next 2 years.

The complex comprises of 18 fully self-contained single level residential units. The entire complex and grounds are maintained to a very high standard, with the individual units benefitting from regular refurbishments over their life to maintain a high level of amenity for its occupants.

The combined sites provide for a rectangular 2,496sqm* medium density zoned footprint with 35-metre frontages to both Rowe and Barr Streets.; and represents a substantial future multistorey redevelopment opportunity in a highly sort after city fringe location.

The subject property offers astute and capable buyers the unique and rare opportunity to secure a fully tenanted residential complex providing immediate income security, while doubling as a significant development footprint in a strategic and desirable location at a critically key junction in the growth of the greater Cairns property market.

Features include:

- 18 fully self contained units
- Head lease to Legacy Cairns (2yrs)
- 2,496sqm* over two titles
- Key suburban growth area
- Significant future development opportunity

25-27 Rowe Street & 16-18 Barr Street Earlville is for Sale by Expression of Interest closing 4pm on Thursday 26 April at 4pm. For further information, please contact Jay Beattie on 0428 551 062.

*approximately

Colliers International - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers International is Australia's own global real estate success story.


Tenanted Investment Property with Great Future Development Prospects
Contact agent


Contact Colliers Cairns Today!!!

Contact Jay Beattie
Phone 0428 551 062

Property ID:19876305

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