OFF MARKET

61 Douglas Street
Thursday Island QLD 4875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 485m2
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Property Details for 61 Douglas St, Thursday Island

61 Douglas St, Thursday Island is a 0 bedroom, 0 bathroom House. The property has a land size of 485m2.

Building Type
House
Land Size
485m2
Local Government
Torres
Lot/Plan
4/RP746578

Last Listing description (April 2024)

Colliers Cairns is pleased to offer for sale by formal offer a substantial freehold development site located on the south-eastern end of Thursday Island together with seabed leases providing car parking, wharf and on-water access.

The current site of operations from Rebel Marine's ferry service from Horn Island, the property comprises a 8004m2* elevated freehold parcel in prime-location together with the adjacent 2.3ha leasehold providing for wharf, carpark and marine processing plant.

Development on the site includes several older residential and industrial buildings which provide a holding income and from which the ferry business, private slipway and live crayfish processing business currently operates.

The site could be ideally suited for residential development with previous plans for the construction of 30 multi-level luxury apartments which remain relevant.

The addition of the seabed lease and jetty create even further opportunity for a host of potential options that could be pursued including the redevelopment of the existing wharf, commercialising of the slipway, or development of more on-water facilities - subject to the required consents and approvals.

The site is located on the prime south eastern end of the island, just out of the central business district with views towards Horn Island and the surrounding ocean channels of the Arafura Sea.

This is a rare opportunity to acquire an established income producing mixed use investment with possibility of a far higher potential.

Main features include:

-Freehold 8004m2*
-Residential 2 higher density Zoning
-Ocean front development
-Existing industrial use with Jetty and Slipway
-Accommodation buildings
-Seafood processing buildings (on water and land)
-Existing leasehold Income
-Multiple development options

Lot 61 Douglas Street, Thursday Island is for sale by formal offer.

For further information please contact marketing agent Stacey Quaid on 0418 773 258.

*approx

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 61 Douglas St, Thursday Island, QLD 4875

A timeline of how this property has performed in the market
  • 15 Feb 2024
    Listed for Sale For sale by Formal Offer
  • 22 Aug 2018
    Listed for Sale By Negotiation

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About Thursday Island 4875

The size of Thursday Island is approximately 3.6 square kilometres. The population of Thursday Island in 2011 was 2,610 people. By 2016 the population was 2,946 showing a population growth of 12.9% in the area during that time. The predominant age group in Thursday Island is 0-9 years. Households in Thursday Island are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Thursday Island work in a professional occupation. In 2011, 10.2% of the homes in Thursday Island were owner-occupied compared with 9.6% in 2016.

Thursday Island has 645 properties. Over the last 5 years, Houses in Thursday Island have seen a -34.97% decrease in median value, while Units have seen a 27.64% increase. As at 31 October 2024:

  • The median value for Houses in Thursday Island is $297,724 while the median value for Units is $407,754.
There are currently no properties listed for sale, and no properties listed for rent in Thursday island on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Thursday island.

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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.