Council UPDATE: This site is within the ‘Tourist Accommodation’ zone of the new planning scheme. This zone supports up to three storey multi-unit housing and holiday accommodation units!

Investors and developers are on RED HOT ALERT here as the options are virtually endless. Currently in position are two quality built townhouses with NO Body Corporate/Strata fees, featuring large open plan lounge, dining and island kitchen supported by laundry and convenience toilet downstairs and three good sized bedrooms; master with ensuite and extra shared bathroom upstairs supported by compact wrap around balconies. Privacy courtyards adorn the outdoor areas overlooking low maintenance gardens, with twin carports, private storage/tool sheds, visitor parking and a tropical in ground pool.

Currently set on only half of the 1599m2 of land the new owner may wish to subdivide (recently an application was approved by Council) and on sell the back privately accessed 800m2 off Ti-Tree Street (subject to Council approvals) or develop that land with further Townhouses, duplex or unit apartments or even build their very own residential dream home just 1800m from Macrossan St and the Marina or 600m to Four Mile Beach.

Imagine a home based Air BnB business perhaps whereby you live in your dream home or townhouse and self-manage the rest of the properties for the booming tourism sector attracted to Port Douglas’ climate, lifestyle and vibrant locals. A BIG developer may even see opportunity for a whole new multiple dwelling development over the entire 1599m2 knowing that access to fresh land in Port Douglas is nearing saturation. Lastly “Land Bank” and simply accept the current income from the existing tenants who would be delighted to formalise new lease terms and then work out what you want to do with this opportunity over time.

This is one of the most versatile investment and development opportunities LJ Hookers have brought to the market in the last decade, so contact me immediately.