Cooktown Commercial Freehold
115 Charlotte Street Cooktown offers as a steady investment property with solid returns. The property has three separate tenancies including a National tenant. Hosting Cooktown’s only bank, the well-known Croc shop gift store and downstairs the Wellbeing Centre. Purpose built in 1990 the building is of solid block and steel construction, ample off street parking and ideal high street frontage. Located across the road from the historic old bank building on Cooktown’s main street and well frequented due to the bank and next door the bus departure area.
With three long term tenants this investment property offers around 9% ROI with room to grow. The building sits on 936 m2 of land and offers 1 x 77m2, 1 x 95m2 and downstairs 200m2. Each have their own private toilets with one upstairs also having a kitchenette.
The vacant block on the northern side of the building is additionally available and offers investor’s room to expand this commercial investment into two buildings sitting on 2197m2 with the opportunity to then additionally construct commercial offices downstairs, additional retail at street front, and harbour side holiday apartments x 2 above. Concept plans are available.
The region of Cooktown and its many sunny laid-back charms are proving ever more popular with buyers and investors. The sealed Mulligan Highway connects via Mareeba or Mossman to Cairns International airport.
Nestled on the Great Barrier Reef & Rainforest Coast the Cooktown region is a charming historical region, unspoiled 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 previous years. Most investors are buying to live in the regions unspoilt environment. The region’s growth is unlikely to match the likes of other places or lose its frontier charm in a hurry. In 2020 Cooktown and Cape York were able to shut the door to immediately stop the Wuhan virus COVID-19 pandemic from reaching residents and remote communities. This event made Cape York incredibly safe from this health scare. In 2021 Cooktown and the whole of Australia will celebrate 251 years since the arrival of Captain Cook.
AGENT: Hamish Haslop
Tel: +61 7 4060 3159