5 Webber Esplanade Cooktown 4895

Prime Waterfront location

Absolute waterfront location overlooking the mouth of the Endeavour River and the Coral Sea. Cavity brick building, built-in 2000 on leasehold waterfront land went under contract in Jan 2021 but vendors unable to secure finance it has come back onto the market. On expiry provision for new lease available, the building is part of Cook Shire Council foreshore master plan.

Captain Cook watches over Cooktown

Integral to Cooktown Esplanade Master plan

Spacious upstairs corporate office suite with 180 Degree views and wrap around the balcony. Patisserie coffee kitchen (cafe)downstairs with wrap-around private balcony with ocean views from every table. Downstairs a Laundromat servicing boaties and locals, plus laundry services.

The Facts

Cooktown CBD Waterfront with 180 views of the Endeavour River, Cooktown inlet and the Coral Sea, a picture that is ever-changing. Upstairs spacious corporate office with no imposing infrastructure, enabling the lessee to deck out as they wish, suitable for many business scenarios. Downstairs a Cafe overlooking the harbour and a laundromat that has been an integral part of Cooktown’s waterfront since the creation of the building in 2000. This is an ideal opportunity for a passive investor to generate better returns than interest on savings held at any bank or volatile share market. 2021 pricing ROI = 11% .

Cooktown is a charming historical town, un-spoiled by the urgency of modern life. Its close proximity to nearby reefs, deserted beaches, and river systems make it an ideal fishing destination. While it is best known for its endemic wildlife, culture, history, bird watching, and infamous barramundi stocks the region is an enchanting place to call home.

Real Estate in 2020 is much better than in previous years. Most investors are buying to live in the region’s unspoiled pandemic free environment. The region’s growth is unlikely to match the likes of other places or lose its frontier charm in a hurry. Cape York is incredibly safe and Cooktown offers a nice village community feeling. In 2021 Cooktown and the whole of Australia will celebrate 251 years since the arrival of Captain Cook.

Price Guidance: UNDER CONTRACT