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