Kennedy HighwayInnot Hot Springs QLD 4872
Property Details for Lot 7 Kennedy Hwy, Innot Hot Springs
Lot 7 Kennedy Hwy, Innot Hot Springs is a bedroom, bathroom Unit and was built in 1950. The property has a land size of 10540m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in December 1989.
Last Listing description (March 2022)
Centrally located and bursting with potential, this could be the ultimate investment opportunity you've been searching for. This 1.09-hectare (10,900sqm) lot of low-density land is zoned Residential A and boasts enviable exposures to both the Kennedy Highway and Mareeba Connection Road.
The opportunities with this impressive site are endless (STCA) with current DA approval in place for an exciting motel-style complex.
This project would include 48 rooms ranging from 25sqm to 30sqm, 10 dual-key two-bedroom units, 14 one-bedroom units plus a three-bedroom manager's unit. There's also scope to add a restaurant/cafe/takeaway shop and a conference room.
Depending on your vision for the property and council approval, you could look to land bank for the future, undertake a subdivision and create multiple residential lots or even plan for a future expansion of the initial project.
Everything Mareeba has to offer is within easy reach including shops, parks and amenities and you're just moments from schools, public transport links and the racecourse.
Property History for Lot 7 Kennedy Hwy, Innot Hot Springs, QLD 4872
- 02 Sep 2021Listed for Sale All offers considered
- 25 May 2015Listed for Sale $630,000
- 13 Dec 1989Sold for $11,000
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About Innot Hot Springs 4872
The size of Innot Hot Springs is approximately 698.1 square kilometres. It has 8 parks covering nearly 0.6% of total area. The population of Innot Hot Springs in 2011 was 320 people. By 2016 the population was 172 showing a population decline of 46.2% in the area during that time. The predominant age group in Innot Hot Springs is 50-59 years. Households in Innot Hot Springs are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innot Hot Springs work in a managers occupation. In 2011, 64.2% of the homes in Innot Hot Springs were owner-occupied compared with 61.3% in 2016..
Innot Hot Springs has 143 properties. Over the last 5 years, Houses in Innot Hot Springs have seen a 42.12% increase in median value, while Units have seen a 121.20% increase. As at 31 October 2024:
- The median value for Houses in Innot Hot Springs is $236,954 while the median value for Units is $50,494.
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