1,012sqm commercially zoned block
Close to the marina
Centrally located and well positioned in the main street
The last remaining undeveloped commercially zoned block
1 hour from Cairns
Access a $2.2 Billion tourism market
Port Douglas is just an hour’s drive from Cairns via a spectacular coastal road that is surrounded by forest and the Coral Sea. It is the place where glittering green merges into blue; the only place on Earth where two World heritage listed jewels exist: the Great Barrier Reef and the rainforests of Daintree and Cape Tribulation. Port Douglas boasts a superb tropical climate all year round and visitors come from all over Australia and the World to enjoy this magnificent place.
As one of the last remaining undeveloped commercially zoned blocks in the main street of Port Douglas, this 1012 sqm block represents an excellent development and investment opportunity. The dimensions of the block are 20.117 m x 50.242 m. Schematics have been drawn previously for retail shops on the ground floor; and a restaurant and 30 units above over two additional levels.
The land is situated at 6.5 metres above sea level rising to 12 m above sea level at the back of the block over a single grade. It is well located at the busiest end of the Macrossan street opposite the Ironbark Hotel and close to the main shopping complex incorporating a major supermarket.
The land is the original site of the Cooktown Hotel and now holds an old Queenslander which houses a tenant on a month by month lease at $56,000 p.a. + outgoings (including rates at $18,000). All services are on the block and there is a water easement that runs down the Southern boundary. Behind the block are the luxury ‘Monsoon Villas’ accessed via Murphy Street and some 5 minutes walk away is the Port Douglas Marina known as Marina Mirage. Marina Mirage Port Douglas is the closest mainland access point to the Great Barrier Reef and one of the World’s most beautiful tropical regions. It offers 112 marina berths as well as one of the few Australian marinas able to accommodate Superyachts.
This Macrossan Street block represents an opportunity for development to cater to some of the 2.2 million visitors that come to Tropical North Queensland annually and spend in excess of $2 billion per annum.