Opportunities combining immediate income, flexible zoning, and future upside in this location are rarely offered. This is a prime acquisition for investors and owner-occupiers looking to secure a strategic asset in one of Cairns' most accessible commercial corridors. Just minutes from Cairns City and positioned on the CBD fringe, this freehold mixed-use property offers investors and owner-occupiers a rare chance to secure a high-yield asset with strong growth potential in a highly accessible commercial corridor. SITE & ZONING • Land area: 881m²
• Zoning: Low Impact Industry
• Fully fenced, secure, with excellent street frontage and strong exposure
• Ample off-street parking, plus additional undercover parking at the rear via side access
• Rear portion of the block offers room for future development, storage, or expanded parking (subject to council approval) BUILDING OVERVIEW • Total building area: ~400m²
• Separate power metering for each tenancy
• Solar power system already installed, supporting long-term efficiency and lower operating costs RESIDENTIAL COMPONENT- Existing Income The upper level contains two generous three-bedroom apartments, each around 93m², featuring:
• Well-appointed kitchens
• Open-plan living areas
• Modern, tenant-ready layouts
• These units are currently delivering approximately $52,000 per annum in rental income, providing a stable and immediate cash flow. COMMERCIAL COMPONENT - Value-Add Opportunity
The ground floor includes two commercial tenancies totaling approximately 200m², which are vacant and ready for occupation or lease. • Estimated market rental: $250-$300 per m² per annum
• This creates a clear value-add opportunity for the incoming purchaser to secure new commercial tenants and boost overall returns. STRATEGIC UPSIDE There is an option to convert the two ground-floor commercial units into residential rentals, potentially creating a four-unit, three-bedroom residential complex (subject to approvals). This flexibility adds significant future upside for investors or owner-occupiers keen to: • maximise residential yield
• diversify income sources
• tailor the property to their long-term strategy FINANCIAL SNAPSHOT • Current residential rental income: $52,000 per annum (2 units)
• Council rates: approximately $14,030 per annum
• Proposed commercial rental: $250-$300 per m² per annum across ~200m²
• Combined commercial building space: ~200m² INVESTMENT SNAPSHOT • Strategic CBD fringe location with strong accessibility
• Flexible Low Impact Industry zoning supporting mixed-use operations
• Immediate residential income plus a clear commercial leasing opportunity
• Potential to reconfigure as a four-unit residential complex
• Solar power and separate metering enhancing efficiency and appeal
• Development potential at the rear of the site (STCA) This is a rare opportunity to acquire a versatile, income-producing asset in one of Cairns' most practical commercial zones-an ideal fit for investors seeking yield and strategic positioning, or owner-occupiers wanting to run a business alongside benefiting from additional rental returns.
CALL MARIA KING TO INSPECT: 0409717891 These photographs have been enhanced for marketing purposes and may not reflect the actual appearance or dimensions of the property. They are intended to provide a visual representation of the property's potential and should not be relied upon as a basis for making decisions about purchasing/renting. Prospective buyers/renter should conduct their own due diligence, including inspection and verification of property features and conditions. REMAX Powerhouse are not responsible for any errors, inaccuracies, or misrepresentations in the photographs.
REMAX Powerhouse is a licensed real estate agency. We are not licensed builders, inspectors or valuers and the information contained here has been provided to us by third parties. The information is for guidance only. Whilst we make efforts to ensure all information contained herein is gathered from sources we believe to be reliable, we provide no guarantees concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. It is not intended as building, pest, planning or other advice and should not be construed or relied on as such. Prospective purchasers must undertake their own due diligence, enquiries and undertake various searches to verify the information contained herein. The information has been prepared without taking into account your personal objectives or needs for the property. Before making any commitment of a legal or financial nature you should consider the appropriateness of the information having regard to your circumstances and needs and seek advice
