Back 131 Lake Street
Off Market

131 Lake Street

Cairns City QLD 4870

5
3
Block of units
Last sold for $1,750,000
Michelle ChampionMichelle Champion, last sold this property on 21 November 2025 after 30 days on market.

Overview

Prime CBD Opportunity Rare Triple Title on Lake Street

DISTINCT An exceptionally rare opportunity to secure a prime corner CBD site. This versatile property spans two levels and three separate titles. Offering immediate potential for both investors and owner-occupiers alike. Boasting two ground floor retail spaces with fantastic cross-street exposure. Freshly updated, the property is ready for new owners to make their mark. Whether you're looking to expand your commercial portfolio or occupy and operate, this site delivers on location, flexibility, and long-term value. Upstairs, a generous multipurpose level offers immense versatility suitable for office space, short-stay accommodation (Airbnb), or even a shared-living setup (STCA). Updated throughout with kitchen and bathroom facilities already in place and two rooms with balconies, the foundations are set for a savvy investment. THE FACTS: * 3 separate titles * Shop 1: Approx. 89 sqm ground floor. Council Rates: $2,578.73 p/a * Shop 2: Approx. 55 sqm ground floor. Council Rates: $2,189.70 p/a * Upstairs: Approx.163 sqm previously operating as short-stay accommodation. Council Rates: $5,559.50 p/a * Flexible configuration for a variety of retail or service-based businesses * Build Year: 1980 Approx. * 300 metres to Cairns Esplanade * 500 metres to Woolworths Cairns City * 550 metres to Cairns Central Shopping Centre * 5 minutes drive to Cairns Airport These photographs have been enhanced for marketing purposes and may not reflect the actual appearance or dimensions of the property. They are intended to provide a visual representation of the property's potential and should not be relied upon as a basis for making decisions about purchasing/renting. Prospective buyers/renter should conduct their own due diligence, including inspection and verification of property features and conditions. Champions In Real Estate are not responsible for any errors, inaccuracies, or misrepresentations in the photographs. Champions in Real Estate is a licensed real estate agency. We are not licensed builders, inspectors or valuers and the information contained here has been provided to us by third parties. The information is for guidance only. Whilst we make efforts to ensure all information contained herein is gathered from sources we believe to be reliable, we provide no guarantees concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. It is not intended as building, pest, planning or other advice and should not be construed or relied on as such. Prospective purchasers must undertake their own due diligence, enquiries and undertake various searches to verify the information contained herein. The information has been prepared without taking into account your personal objectives or needs for the property. Before making any commitment of a legal or financial nature you should consider the appropriateness of the information having regard to your circumstances and needs and seek advice from appropriate advisors.

Features

5 bedrooms
3 bathrooms
Block of units

Estimated Value

We need at least 3 similar 5 bedroom block of units sold in Cairns City over the last 12 months.

Property history for 131 Lake Street

2025
Sold
$1,750,000
Private Sale/Treaty on 21 Nov 2025 by Michelle Champion, of Champions In Real Estate

Happy sellers in Cairns City

93%
93% of sellers in Cairns City reported that their sale price either exceeded or met their price expectations.

Cairns City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Cairns City over the last 12 months.

Local market activity for 5 bedroom block of units in Cairns City

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