OFF MARKET

505 Mount Peter Road
Mount Peter QLD 4869

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 265830m2
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Property Details for 505 Mount Peter Rd, Mount Peter

Building Type
Rural
Land Size
265830m2
Local Government
Cairns Regional
Lot/Plan
11/RP704174

Last Listing description (April 2022)

Colliers Cairns are pleased to offer for sale 505 Mount Peter Road, Mount Peter, QLD. Representing a substantially sized freehold parcel, the quality site offers potential future development opportunities or the continuation of current farming practises for the new owner. The property is being offered to the market for Expressions of Interest closing Thursday 2 December at 4pm.

Located between Edmonton and Gordonvale, south of Cairns City, the property represents a considerably sized, 26.58Ha* parcel of freehold land. Currently utilised as a combination of cattle grazing and sugar cane farming, the parcel has the potential for future development opportunities, subject to council approval.

The site incorporates several improvements including a 42x15m farm shed, covered cattle shed and quality barbwire fencing around the property. The farming land itself comprises10.13Ha* productive land area under cane plus approximately 12.5Ha of improved pasture with brachiaria grass for cattle fattening.

Accessible via Mount Peter Road (south of Edmonton) and the Bruce Highway, the site is ideally positioned within the southern "hot spot" development area. With substantial dual street frontages - 445m* to Mount Peter Road and 600m* onto Mohamed Access, the parcel is zoned 'Low-Medium Density Residential" representing the potential for future residential development with varying densities, subject to approvals. The site is relatively unconstrained except those areas adjacent to waterways.

Bounded by surrounding agricultural properties and positioned within a high rainfall area, the southern boundary of the site runs along a watercourse (Gray Creek), with the adjoining point of Gray Creek and Wrights Creek positioned adjacent to the south-east corner of the site.

Features:
-Substantially sized 26.58Ha* parcel
-Current use cattle grazing and sugar cane farming
-Existing improvements including farm shed & boundary fencing
-Current "hot spot" development area
-In development pathway
-Uniqueness of the offering - limited comparable properties currently available

The property is being offered to the market for Expressions of Interest closing Thursday 2 December at 4pm. For more information, contact Stacey Quaid on 0418 773 258.

*approximately
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.

Property History for 505 Mount Peter Rd, Mount Peter, QLD 4869

A timeline of how this property has performed in the market
Last Sold
$4,750,000
11 Feb 2022
  • 11 Feb 2022
    Sold for $4,750,000
  • 29 Oct 2021
    Listed for Sale For Sale by EOI closing 2 December at 4pm
  • 11 Nov 2014
    Sold for $835,000

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About Mount Peter 4869

The size of Mount Peter is approximately 17.8 square kilometres. It has 4 parks covering nearly 2.5% of total area. The population of Mount Peter in 2011 was 274 people. By 2016 the population was 84 showing a population decline of 69.3% in the area during that time. The predominant age group in Mount Peter is 50-59 years. Households in Mount Peter are primarily couples with children and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Mount Peter work in a managers occupation. In 2011, 66% of the homes in Mount Peter were owner-occupied compared with 93.3% in 2016.

Mount Peter has 673 properties.

    There are currently 5 properties listed for sale, and 3 properties listed for rent in Mount peter on OnTheHouse. According to CoreLogic's data, 77 properties were sold in the past 12 months in Mount peter.

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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.