Cooktown a top place to let your investment grow!
Be part of Cooktown’s future growth from a prime position. With the Mulligan Highway sealed for the past 15 years and optical fiber to Cooktown itself makes connectivity for Cape York at a premium. This for many years now enables many to work remotely consulting from paradise, additionally made commercial enterprises prosper.
This property makes an ideal passive investment, offering sound returns for an outright buyer after expenses. Currently with two separate tenants occupying four separate retail agreements. All buildings of solid block construction, there is little upkeep outside of general maintenance. The property essentially self manages.
Off-road parking for eight customer vehicles on sealed paving. Seating, planters, and sheltered entrances offer a tropical shaded ambiance for those waiting outside. Cooktown the tropical gateway to Cape York attracts
thousands of domestic and international visitors each year, Grassy Hill, James Cook Museum, the town main street are must-see places. Pristine beaches, tropical lagoons, waterfalls, and outstanding regional fishing
The property is located at the top of Charlotte street with other retail outlets alongside and down the street. Northern side there is an empty block next door. On the eastern boundary, IGA own the recently cleared vacant land for supermarket expansion.
Easy to manage the building in excellent condition with strong year-round occupancy since the building’s inception. The current return on investment is 10% contracted for the next 3 years.
Fully painted in 2019. Airconditioning, liability insurance responsibility of tenants, Rates, and insurance, and electricity in the common area including in rental agreements.
Price Guidance: $950,000