FOR SALE
AUCTION: 11th Nov - Pullman Reef Hotel Cairns

131 Lake Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 307m2
Land area: 185m2
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PRIME COMMERCIAL OPPORTUNITY ON THE CORNER OF LAKE ST AND APLIN ST CAIRNS CITY

Ben Sands from RWC Gateway, as the exclusive agent, is pleased to present to the market 131 Lake Street Cairns City QLD 4870. The property is being offered for sale via Public Auction to be held at the Pullman Reef Hotel Casino, Cairns on Monday 11th November at 5:00pm.
Ideally located on the corner of Lake and Aplin Street with direct exposure to multiple international hotels and a major bus station, this property offers an opportunity for owner-occupiers and investors to renovate and repurpose into a high-yielding investment with commercial space on the ground floor and short-term holiday accommodation or commercial offices on the first floor.
The key attributes include:
• Prime Location: Located in the heart of Cairns CBD. The property has a huge corner frontage to Lake St and Aplin St with excellent exposure to all passing vehicular and pedestrian traffic.
• Flexible Zoning: The property is classified as "Principal Centre - City Centre Local Plan Area" under the Cairns Council Plan.
• Separate Titles: Three separately titled strata lots under one roof sold in one line.
• Mixed used: The ground floor was previously leased to two separate retail businesses by way of an internal dividing wall division with amenities located at the rear. The first floor offers accommodation with 6 bedrooms and all amenities ready for short-term stay accommodation or office spaces STCA.
• Occupy or Invest: Sold with vacant possession. This property is available to both occupiers and investors.
• Motivated Seller: The vendor is driven to sell making this property an unmissable opportunity.
• Don't let this remarkable opportunity slip through your fingers! Contact us today for further information and to secure this property.
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Property Details for 131 Lake St, Cairns City

Building Type
Commercial
Floor Size
307m2
Land Size
185m2

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About Cairns City 4870

The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.

Cairns City has 3,341 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
  • Houses have a median rent of $630 while Units have a median rent of $560.
There are currently 33 properties listed for sale, and 43 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

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