Hot Cooktown Commercial Investment
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 full operational bank, the well-known Croc shop gift store and downstairs the Wellbeing Centre. Purpose built in 1990 the building is of solid 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 toilet and bathroom areas.
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 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 tyranny of distance is over!
Nestled on the Great Barrier Reef & Rainforest Coast the Cooktown region is a charming historical region, unspoilt 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 is experiencing a much better 2020 than previous years. Investors are buying to live in the regions unspoilt environment, however there are also some investors buying into the area due to its potential. The region’s growth is unlikely to match the likes of other places or lose its frontier charm in a hurry. In 2020 Cape York has been able to quickly close its doors to protect residents from the Wuhan Corona Virus epidemic. This event made the region incredibly safe and attractive. In 2021 Cooktown and the whole of Australia celebrates 251 years since the arrival of Captain Cook. Cooktown is to host the Cooktown Expo show casing the regions place in our countries founding and Australia’s first Aboriginal/European reconciliation
AGENT: Hamish Haslop
Tel: +61 7 4060 3159