SOLD
Sold on 05 Dec 2023 for $2,200,000

7-27 Mclachlan Street
Manunda QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 9160m2
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Property Details for Lot 38/7-27 Mclachlan St, Manunda

Lot 38/7-27 Mclachlan St, Manunda is a 2 bedroom, 1 bathroom Unit. The property has a land size of 9160m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Manunda in the last 12 months.

Building Type
Unit
Land Size
9160m2
Local Government
Cairns Regional
Lot/Plan
38/SP327451

Last Listing description (September 2023)

Knight Frank Cairns is pleased to offer a substantial inner city development site located in Manunda For Sale by Expression of Interest closing on Thursday, 9 November 2023 at 5pm.

The property offers an outstanding opportunity to redevelop or refurbish the site, and has substantial frontage to McLachlan Street, MacDonnell Street and Cannon Street with a total land area on one title of 9,160 sqm.


The property is zoned by the Cairns Regional Council as Medium Density Residential which offers a wide range of development opportunities providing the possibility to be converted into residential accommodation with the existing structures in place.

It is rare for such a large inner city site to be made available that lends itself to inner city living.

* Outstanding opportunity to purchase a large development site in Manunda on the CBD fringe

* The property offers the opportunity to refurbish or redevelop a site having three street frontages to MacDonnell Street, McLachlan Street and Cannon Street being in close proximity to Anderson Street

* The property is zoned by the Cairns Regional Council as Medium Density Residential offering a wide range of opportunities

* Total area 9,160 sqm (one title)

* Approximate frontage to McLachlan and MacDonnell Streets 277 metres, truncated frontage to Cannon Street 37.134 metres (southern boundary of 31.43 metres), all areas are approximate

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Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 33 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.

Property History for Lot 38/7-27 Mclachlan St, Manunda, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$2,200,000
05 Dec 2023
Listed for Rent
$210/w
31 Jan 2018
  • 05 Dec 2023
    Sold for $2,200,000
  • 26 Sep 2023
    Listed for Sale Contact Agent

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About Manunda 4870

The size of Manunda is approximately 4.2 square kilometres. It has 12 parks covering nearly 16.2% of total area. The population of Manunda in 2011 was 4,963 people. By 2016 the population was 5,400 showing a population growth of 8.8% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation. In 2011, 39.3% of the homes in Manunda were owner-occupied compared with 38.3% in 2016.

Manunda has 3,106 properties. Over the last 5 years, Houses in Manunda have seen a 49.46% increase in median value, while Units have seen a 77.93% increase. As at 31 July 2024:

  • The median value for Houses in Manunda is $519,049 while the median value for Units is $261,141.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 25 properties listed for sale, and 7 properties listed for rent in Manunda on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in Manunda.

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Disclaimer
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.