Classic main street opportunity to invest and develop this tidy vacant commercial freehold block on Charlotte Street, Cooktown with an additional Adelaide Street frontage for parking. Tastefully planted at the rear with tropical palms which would nicely shade the back of the planned building from the setting sun. Can be purchased on its own or negotiated in a combined transaction with its neighbour commercial building and freehold land 115 Charlotte Street offer ROI of 9%.
Real Estate is experiencing a much better 2020 than previous years. Investors are buying to live in the regions unspoiled environment, however there are also some transactions buying into the area due to current potential. The region’s growth is unlikely to match the likes of other places or lose its frontier charm in a hurry.
Cooktown, Queensland’s most northern frontier town is however well connected through regular air, sea and road transport opportunities making the ideal logistics hub for Cape York’s future growth. Many government departments operate from the town and commercial office expansion as well as retail opportunities and serviced apartments for business or holiday letting.
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
Price guidance of $250,000
AGENT: Hamish Haslop
Tel: +61 7 4060 3159