43 Howard St

Cooktown QLD 4895

0 m²

20193.81 m²

Block of units

Currently for sale - view listing

Overview

New Price-Priced to Meet the Market. Profitable Multi-Dwelling Investment

A consistently tenanted residential complex providing strong holding income, with rental returns exceeding operating expenses and debt servicing requirements to generate an annual surplus. Set on a rare 5-acre residential-zoned holding, the property comprises 2 houses and 6 units with 100% occupancy and an established rental history. Complementing its immediate income stream is a professionally prepared subdivision concept that has been reviewed by an professional town planner and designed in accordance with current planning requirements, providing a clear pathway for future multi-lot development, subject to council approval. Located within walking distance of schools, the hospital, town centre, botanic gardens and the riverfront, the property is well positioned to benefit from ongoing demand generated by essential services, major local employers and the expansion of Cooktown Hospital. A short walk to Finch Bay Beach further enhances its appeal to tenants and future residents alike. Key Investment Features Profitable residential investment Approx. 5 acres of residential-zoned land 100% occupied with established tenants Strong demand from essential service and healthcare workers Professionally planned multi-lot subdivision opportunity Four-street frontage providing future development flexibility Connected to town water, sewerage and electricity services Existing Improvements 6 renovated one-bedroom units 2 renovated three-bedroom homes Separate granny flat Undercover parking Fully air-conditioned throughout Tiled flooring Upgraded kitchens, bathrooms and internal finishes Location Highlights Walking distance to schools Walking distance to Cooktown Hospital Close to major employers and government services Walk to town centre, botanic gardens and riverfront Short walk to Finch Bay Beach Private setting adjoining bushland An outstanding opportunity to secure immediate income from a fully leased residential complex while benefiting from the long-term value and development opportunities offered by a substantial residential landholding.