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  • Sold
100% Leased Unit Complex with Redevelopment Upside - #1
100% Leased Unit Complex with Redevelopment Upside - #2
100% Leased Unit Complex with Redevelopment Upside - #3
100% Leased Unit Complex with Redevelopment Upside - #4
100% Leased Unit Complex with Redevelopment Upside - #5
100% Leased Unit Complex with Redevelopment Upside - #6
100% Leased Unit Complex with Redevelopment Upside - #7
100% Leased Unit Complex with Redevelopment Upside - #8
100% Leased Unit Complex with Redevelopment Upside - #9
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 sought 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. 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.

Ref #: 206473
  • 15/03/2022
  • Contact our experts for details on this transaction.