FOR SALE
Offers invited

Lots 1-4 Vernon Street
Atherton QLD 4883

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5411m2
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Commercial Development Opportunity

Colliers Cairns, on behalf of Tablelands Regional Council, is seeking expressions of interest for the purchase and development of proposed freehold lots within the new Priors Creek Development in Atherton, North Queensland.
Tablelands Regional Council's Priors Creek Development precinct is set to extend the Atherton business district and encompass quality family oriented leisure areas and mixed-use space. The development is poised to boost economic growth in the region whilst becoming a key location for public events and activities.
Limited commercial development opportunities within the development offers sites ranging from 466m2* to 4,945m2*. The vision for the development of the sites allows for flexibility with lot configurations and sizing while promoting a mix of residential and holiday accommodation, retail, commercial, leisure and entertainment.
The available space is divided into two parcels with a combined area of approximately 5,411m2 across the precinct. Parcel 1 is a stand alone 466m2* site positioned within the parkland and amphitheatre area of the development. The site has the intended use of providing kiosk convenience or café services. Parcel 2 comprises a combined total of 4,945m2* on the corner of Vernon Street and Railway Lane. This lot provides for the option to purchase as one large lot or can be reconfigured into smaller lots. The site is intended to provide accommodation, retail and commercial amenities.
The parcels are available individually or in one line to suit the developers' requirements.
Features:
-First mover advantage as part of the new Priors Creek Development
-Central location with immediate access to Main Street
-Flexibility with lot configuration and sizing
-Limited prime commercial and residential development opportunities in the region
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Property Details for Lots 1-4 Vernon St, Atherton

Building Type
Land
Land Size
5411m2

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About Atherton 4883

The size of Atherton is approximately 94.1 square kilometres. It has 33 parks covering nearly 9.3% of total area. The population of Atherton in 2011 was 7,286 people. By 2016 the population was 7,337 showing a population growth of 0.7% in the area during that time. The predominant age group in Atherton is 60-69 years. Households in Atherton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Atherton work in a professional occupation. In 2011, 56.7% of the homes in Atherton were owner-occupied compared with 56.8% in 2016.

Atherton has 4,575 properties. Over the last 5 years, Houses in Atherton have seen a 68.35% increase in median value, while Units have seen a 50.69% increase. As at 31 October 2024:

  • The median value for Houses in Atherton is $482,923 while the median value for Units is $326,518.
  • Houses have a median rent of $475 while Units have a median rent of $340.
There are currently 114 properties listed for sale, and 9 properties listed for rent in Atherton on OnTheHouse. According to CoreLogic's data, 172 properties were sold in the past 12 months in Atherton.

Suburb Insights for Atherton 4883

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Patsy Bucknor
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Stacey Quaid
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Colliers International (Cairns)
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.