OFF MARKET

32 Veivers Road
Palm Cove QLD 4879

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 464m2
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Property Details for 32 Veivers Rd, Palm Cove

Building Type
Commercial
Land Size
464m2
Local Government
Cairns Regional
Lot/Plan
2/SP162905

Last Listing description (April 2021)

A Prime position extremely close to the Palm Cove Esplanade. Located on Veivers Road, the main road into Palm Cove.The property is located just 320 metres from the southern-end of the Palm Cove esplanade. At this point of the beach foreshore you will find the best of Palm Coves restaurants such as NuNus and Portofinos. The Palm Cove Tavern is only 100 metres from the entrance, the Translink public bus service runs straight past the property and Palm Cove medical centre and pharmacy is a mere 200 metres away.An extremely rare two (2) street frontages each measuring 20.117metres. The depth of the land is 80.455 metres, totalling 1,619m2 in area. The site is under developed and allows room for expansion of existing infrastructure and buildings or potential re-development of the site (subject to council approval).A Property Snapshot as below; - Freehold 1,619m2 site with two (2) street frontages being Veivers Road and Terebra Street. - Improved by a two (2) level apartment building consisting of nine (9) individual lots - Lots 1-9 on SP162905. - Solid masonry block construction, built in 1971. Current configuration of accommodation is nine (9) rooms (totalling 16 bedrooms and 10 bathrooms). - 1st Floor - 3 x 1 bedroom apartments, individually titled. - 1 x 2 bedroom apartment, individually titled. - 1 x 3 bedroom apartment, individually titled. - 1 x storage room with amenities, on common property - Ground Floor - 4 x 2 bedroom apartments, individually titled. - 1 x office room, on common property - 1 x storage room, on common property - 1 x laundry room, on common property - 1 x outdoor undercover entertaining deck - 1 x outdoor undercover dining area - Parking onsite for 10+ vehicles accessed from rear of property (Terebra Street). - Low maintenance gardens with a swimming pool and pathways. Common property - Large solar power bank of 39 panels. New LED lighting throughout. The Palms at Palm Cove is being offered For Sale as Written Offers Considered over $1,950,000. Contract documents and IM are available by request.Property Code: 718

Property History for 32 Veivers Rd, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
  • 05 Aug 2020
    Listed for Sale Written Offers Considered Over $1,950,000
  • 02 Apr 2019
    Listed for Sale FHGC $3,200,000

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About Palm Cove 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,787 properties. Over the last 5 years, Houses in Palm Cove have seen a 60.59% increase in median value, while Units have seen a 51.70% increase. As at 30 November 2024:

  • The median value for Houses in Palm Cove is $1,012,338 while the median value for Units is $530,754.
  • Houses have a median rent of $750 while Units have a median rent of $490.
There are currently 48 properties listed for sale, and 7 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Palm cove.

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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.