Rare Ocean Front Development Opportunity
Colliers International (Cairns) is pleased to offer for sale a substantial freehold development site located on the south-eastern end of Thursday Island together with seabed leases providing car parking, wharf and on-water access.
The current site of operations from Rebel Marine's ferry service from Horn Island, the property comprises a 8004m2* elevated freehold parcel in prime-location together with the adjacent 2.3ha leasehold providing for wharf, carpark and marine processing plant.
Development on the site includes several older residential and industrial buildings which provide a holding income and from which the ferry business, private slipway and live crayfish processing business currently operates.
The site could be ideally suited for residential development with previous plans for the construction of 30 multi-level luxury apartments which remain relevant.
The addition of the seabed lease and jetty create even further opportunity for a host of potential options that could be pursued including the redevelopment of the existing wharf, commercialising of the slipway, or development of more on-water facilities - subject to the required consents and approvals.
The site is located on the prime south eastern end of the island, just out of the central business district with views towards Horn Island and the surrounding ocean channels of the Arafura Sea.
This is a rare opportunity to acquire an established income producing mixed use investment with possibility of a far higher potential.
Main features include:
• Freehold 8004m2*
• Residential 2 higher density Zoning
• Ocean front development
• Existing industrial use with Jetty and Slipway
• Accommodation buildings
• Seafood processing buildings (on water and land)
• Existing leasehold Income
• Multiple development options
Lot 61 Douglas Street, Thursday Island is for sale at an asking price of $2.9M on a going concern basis.
For further information please contact marketing agent Stacey Quaid on 0418 773 258.
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