145-147 Lake Street, Cairns City, QLD, 4870
- 3 BED
- 2 BATH
- 2 CAR
PRIME CBD DEVELOPMENT SITE WITH HOLDING INCOME
Positioned in one of Cairns most rapidly evolving precincts, this exceptional CBD landholding site gives you a rare opportunity to secure a substantial development site with immediate income and significant future upside.
Occupying a 1,527m² allotment in the heart of Cairns City, the property currently comprises five leased street front tenancies and a substantial rear leased car parking area, delivering valuable holding income while future development plans are explored.
With strong development fundamentals and favourable planning outcomes, the site offers the potential for a landmark residential, hotel, mixed-use or commercial project. Subject to Council Approval (STCA), the property may accommodate development up to approximately 46 metres in height, equating to around 13–14 storeys, making it one of the most compelling redevelopment opportunities currently available within the Cairns CBD.
Key Features:
• Significant 1,527m² CBD landholding
• Five leased commercial tenancies providing immediate income
• High-profile Lake Street frontage
• Development potential for residential, mixed-use, hotel or commercial project (STCA)
• Potential building heights of approximately 13–14 storeys (STCA)
• Located within one of Cairns most active growth corridors
• Walking distance to the Esplanade, Cairns Central, restaurants, retail and key business precincts
• Rare opportunity to secure a large scale city development site with income in place
Opportunities of this scale and strategic positioning are becoming increasingly scarce. Whether you’re a developer, investor, syndicate or land banker, 145–147 Lake Street represents a chance to secure a landmark site with both immediate returns and extraordinary long term potential.
Contact Chris Eustace today to arrange an Information Memorandum or discuss the development opportunities available.
No inspections are currently scheduled. Contact the agent to arrange an appointment.
