103 Charlotte Street,
Cooktown, QLD 4895

This property makes an ideal passive investment, offering sound returns for an outright buyer after expenses. Currently, with two separate tenants on long term leases for Retail, Office & Residential. All buildings of solid construction, there is little upkeep outside of general maintenance. The property is essentially self managed.

The vacant land running towards Adelaide Street could be later developed after the lease expires into a small unit complex with its own entrance off Adelaide Street and would offer stunning harbour views.

An easy to manage building in excellent condition with strong year-round occupancy. Current return on investment of 8.2%. The current residence and the industrial shed and all land are used by the Yuku Baja Aboriginal Corporation for management offices and ranger shed and vehicle storage. The property is located at the top of Charlotte street in the middle of town with other retail outlets alongside and down the street. On the northern side, there is an empty block next door, owned by an absent owner. Cooktown receives around 80% of all tourists travelling on Cape York. The current hospital is planned to be enlarged to become the medical service centre of Cape York for hospital needs reducing the current load on Cairns Base Hospital. 200 extra staff planned for this facility over the coming years 40 of which have started already.