53-57 Abbott Street Cairns City, QLD 4870

Landbank today, develop tomorrow.

Freehold development site for sale at 53-57 Abbott Street, Cairns City. Three adjoining lots positioned directly opposite the recently sold Cairns Reef Hotel Casino, offering exceptional exposure in one of the city's most tightly held commercial corridors.

Spanning a combined landholding of 975 sqm* with 600 sqm* of existing build area, this is a site built for developers ready to move, with the added flexibility of a landbank hold in the meantime.

Approved plans set this site apart. Dual ground floor commercial tenancies plus two multi-level residential apartments with integrated parking have already been approved and are available at no cost for resubmission, cutting straight through the time, cost, and risk that typically stalls a project before it starts.

Tenants are currently on flexible month-to-month arrangements, ideal for a landbank hold, with scope to negotiate longer-term leases if stronger holding income is preferred.

Positioned in the heart of Cairns' tourism and business precinct, the site sits within easy reach of Cairns Central Shopping Centre, Cairns Base Hospital, Cairns Rail Terminal, and Cairns Airport, keeping it well connected for residents, workers, and the tourism trade that underpins much of the local economy.

Developable land in the Cairns CBD core is only getting harder to find. This is a genuine chance to capitalise on strong underlying demand and secure a blue-chip footprint before it's gone.

Property Features:

• Sale Price: Offers over $3.5 million
• Land Area: 975 sqm*
• Building Area: 600 sqm*
• Zoning: Principal Centre
• Lease Status: Flexible month-to-month, ideal for landbank hold
• Estimated Rental Return: $216,000 pa + outgoings
• Approved Plans: Dual commercial tenancies + two multi-level residential apartments with integrated parking (available at no cost for resubmission)
• Location: Opposite Cairns Reef Hotel Casino, Cairns CBD

Contact the RWC Cairns Commercial Team today to secure your position on this rare CBD development opportunity.