A consistently tenanted residential complex providing strong holding income, with rental returns exceeding operating expenses and debt servicing requirements to generate an annual surplus.

Set on a rare 5-acre residential-zoned holding, the property comprises 2 houses and 6 units with 100% occupancy and an established rental history. Complementing its immediate income stream is a professionally prepared subdivision concept that has been reviewed by an professional town planner and designed in accordance with current planning requirements, providing a clear pathway for future multi-lot development, subject to council approval.

Located within walking distance of schools, the hospital, town centre, botanic gardens and the riverfront, the property is well positioned to benefit from ongoing demand generated by essential services, major local employers and the expansion of Cooktown Hospital. A short walk to Finch Bay Beach further enhances its appeal to tenants and future residents alike.

Key Investment Features
Profitable residential investment
Approx. 5 acres of residential-zoned land
100% occupied with established tenants
Strong demand from essential service and healthcare workers
Professionally planned multi-lot subdivision opportunity
Four-street frontage providing future development flexibility
Connected to town water, sewerage and electricity services
Existing Improvements
6 renovated one-bedroom units
2 renovated three-bedroom homes
Separate granny flat
Undercover parking
Fully air-conditioned throughout
Tiled flooring
Upgraded kitchens, bathrooms and internal finishes
Location Highlights
Walking distance to schools
Walking distance to Cooktown Hospital
Close to major employers and government services
Walk to town centre, botanic gardens and riverfront
Short walk to Finch Bay Beach
Private setting adjoining bushland

An outstanding opportunity to secure immediate income from a fully leased residential complex while benefiting from the long-term value and development opportunities offered by a substantial residential landholding.