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18 Upward Street

Cairns North QLD 4870

3
1
1
506 m²
House
Currently for sale - view listing

Overview

Tourist Accommodation Zoning with Exceptional Potential

Positioned in one of Cairns North's most strategically located pockets, this 506 sqm property presents an exceptional opportunity for developers, investors, land bankers and a lock and leave alike. Zoned for Tourist Accommodation and situated directly beside and in front of medical facilities, with major hospitals and healthcare services just moments away, the location offers outstanding potential for future redevelopment (Subject to Council approval). Dual Occupancy under the same roof line with double side access to one side of the block could offer another potential income stream which Town Planning has indicated would be worth applying for. (Subject to Council approval). Whether you're looking to capitalise on the area's growing demand for medical related accommodation, short stay lodging or explore other development possibilities, this is a rare opportunity to secure a site in a highly sought after precinct. In the meantime, the existing solid home in excellent condition provides immediate holding income. The residence offers: • Three bedrooms, two with built-in robes • Modern main bathroom • Open plan living and dining area • Timber look vinyl flooring throughout • Conjoined carport, storage room and laundry - perfect for conversion. • Flexible additional space ideal as a second living area, home office or studio • Large covered outdoor patio and garden shed Currently leased until 23 February 2027 at $600 per week, the property delivers a secure rental return while plans for the future are explored. An updated rental appraisal is available on request up to $680 pw. Opportunities combining favourable zoning, a premium medical precinct location and strong holding income are increasingly difficult to find. Secure this versatile property today and unlock its future potential. For more information or to express your interest, please contact the agents below. Robyn Hawley-Whitton | robyn@cpo.com.au | 0488 071 007 Ben Whitton | ben@cpo.com.au | 0409 343 474

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
506 m² lot size
House

Property history for 18 Upward Street

2021
Rented
Undisclosed
Leased on 01 Dec 2021 by Cairns Leading Real Estate
2021
Rented
Undisclosed
Leased on 22 Apr 2021 by Cairns Leading Real Estate

Happy sellers in Cairns North

96%
96% of sellers in Cairns North reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 40 reviews in Cairns North over the last 12 months.

Local market activity for 3 bedroom houses in Cairns North

In the last 12 months, 8 three-bedroom houses similar to 18 Upward Street, have been sold.

This represents a 12% increase in three-bedroom houses sales when compared to the previous 12 months.

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