Cooktown Commercial Freehold
115-117 Charlotte Street Cooktown has never been traded before. It offers as a steady investment with sound returns in complex. The complex 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 complex is a solid well-built architect-designed construction, featuring concrete piers, a suspended concrete slab, concrete-filled Besser block walls, steel roof girders and a Trim Deck steel roof. The existing building faces into Charlotte St, in a prime business location Located across the road from the historic old bank building on Cooktown’s main street and well frequented due to the bank, the bus departure area and Aboriginal tours desk next door.
Freehold property in Lot 8 RP748073 & Lot 906 RP851371. 115-117 Charlotte Street, Cooktown, Qld, 4895 | 2,144sqm. 3 separate tenancies, with the 2 long term tenants of ANZ Bank and the Croc Shop on the main Street frontage of Charlotte St, and the casual long term tenant Wellbeing Centre with rear access from Adelaide Street. The existing building faces Charlotte Street in a prime business position, and the adjacent vacant block, included in the sale price, has plans drawn up for retail shops and a residence.
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 property has the added valuable feature of two Street frontages. The rear Street frontage of Adelaide Street faces the harbour across Council Esplanade land, providing valuable future development potential
The vacant block on the northern side of the building is 1,208m2 and included in the package 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 the street front, and harbour view holiday apartments x 2 above. Concept plans are below.
Come and experience the magic in the village of Cooktown, surrounded by adventure, nature and history where the opportunities endless. In Cooktown, you get this really safe and community atmosphere and you have all your amenities from medical to schools and recreation all in a short distance from the front door. We are so fortunate to have everything at our fingertips and the rest can be purchased online with the flick of a mouse as we have high speed Internet. The waterfront parks bring everyone together from sunrise yoga, the Saturday markets to reeling in Barramundi – a real community. 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 unspoiled 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 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.