Calling all developers, savvy investors and business operators!
Positioned on a massive 1,468m² allotment this unique property offers a rare combination of holding income, industrial-scale infrastructure and significant development upside, all within close proximity to schools, amenities and the Cairns CBD.
The Breakdown: Two Titles, Endless Opportunities
• 26 Sperring Street (The Residence):
Featuring a beautifully updated, high-set character Queenslander, this home boasts three spacious bedrooms and two bathrooms, blending classic charm with modern living.
Upper Level: Showcases polished timber floorboards, a light-filled living area with split-system air conditioning, and a huge wraparound timber deck, perfect for tropical outdoor living and entertaining.
Lower Level: Offers exceptional versatility with a fully built-in area featuring tiled floors, a renovated laundry/utility room with wood-look benchtops, a second bathroom and additional multi-purpose rooms.
• 28 Sperring Street (The Shed):
Home to an enormous industrial-style timber and corrugated iron shed with concrete flooring. This impressive space is ideal for tradespeople, mechanical enthusiasts, or service providers seeking substantial storage and workshop space close to town.
• The Strategic Development & Investor Upside
Whether you're looking to land-bank, subdivide or develop immediately, this property presents a compelling opportunity:
Subdivision & Realignment Potential (STCA): With a strategic boundary realignment, there is potential to sell the updated Queenslander on Lot 26, helping offset acquisition and development costs.
Massive Development Footprint: This could leave you with approximately 1,100m² of highly usable land, perfectly suited to a unit, townhouse or duplex development (subject to Council approval).
Strong Holding Income: While planning your next move, maximise cash flow through dual income streams by leasing the residential home and the commercial-sized shed.
Opportunities offering this level of scale, flexibility and proximity to the city are exceptionally rare.
Key Features at a Glance:
• Total 1,468m² with significant development and subdivision potential (STCA)
• Updated three-bedroom, two-bathroom high-set character Queenslander
• Polished timber floors, high ceilings and split-system air conditioning
• Huge covered wraparound timber entertaining deck
• Fully built-in downstairs area with multi-purpose rooms and second bathroom
• Massive industrial-style workshop shed (420m2 approx.) with concrete flooring
• Close to major shopping amenities, schools and the Cairns CBD
Contact 'The Ray Murphy Team' today to register your interest!
Disclaimer:
All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
