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  • Sold
Strategic Residential Land Holding - Mt Peter Planning Area - #1
Strategic Residential Land Holding - Mt Peter Planning Area - #2
Strategic Residential Land Holding - Mt Peter Planning Area - #3
Strategic Residential Land Holding - Mt Peter Planning Area - #4
Strategic Residential Land Holding - Mt Peter Planning Area - #5
Colliers International (Cairns) Pty Ltd is pleased to present this strategic land holding situated between Edmonton and Gordonvale which is located in the designated population growth corridor within the Mt Peter local planning area for sale by Expressions of Interest.

Ideally located on the western side of the Bruce Highway, in the Southern Corridor, this 23.28Ha site is situated within the ‘Emerging Community’ zoning area designated for urban development to accommodate the majority of Cairns’ population growth in coming years.

Currently utilised in sugarcane production under a commercial lease, this predominantly flat land has primary access from Castlereagh Street directly off the Bruce Highway and secondary road access to King Street. Future planning by Cairns Regional Council has designated that the site will be traversed by a linking trunk infrastructure roadway bringing it squarely into the development pathway.

Town Planners RPS have conducted a detailed development review of the property and provided an overview on future planning opportunities which potentially provide for residential subdivision of the lot to provide an estimated yield of 201 traditionally sized residential allotments.

The subject property represents a strategic land banking opportunity with the holding costs mitigated by the existing cane farm lease agreement.

Property Highlights:

• 23.28Ha* total land area
• Located within the designated Mt Peter Master planning area
• Zoned ‘Emerging Communities’
• Development concept yielding 201 residential allotments
• Relatively flat vacant land
• Located within the pathway for future residential growth and currently designated trunk infrastructure spending

The property is offered for sale by Expressions of Interest closing 4pm Tuesday 29 August.

Inspections of the property can be arranged through the marketing agent however inspections are strictly by appointment.

To obtain the Information Memorandum, or to arrange inspection please contact Jay Beattie on 0428 551 062 or Stacey Quaid on 0418 773 258.

*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 #: 54399
  • 15/03/2022
  • Contact our experts for details on this transaction.