20-24 Sheridan Street, Cairns City, QLD, 4870, Australia

Sale by Tender COB Friday 9th December 2023

• Prime land area: 1,524 sqm in Cairns CBD

• Potential Multi-Use Development Opportunity Residential or Office

• Principal Centre Zone with 30m Street Frontage


Discover an exceptional investment opportunity in the heart of Cairns CBD. This prime positioned development site, situated in one of the city's busiest locations is a rare chance to secure a piece of Cairns' commercial real estate.

• Property Highlights

Investment Potential: Cairns' thriving economy, combined with this land's strategic location presents an exciting investment opportunity to capitalise on the region’s growth potential. The Cairns region is the 5th largest regional city in Queensland with a rapidly growing diverse economy with a Gross Regional Product estimated at $10.3 billion, and an annual consumer spend of 3.8 billion (Choosecairns.qld.gov, 2023).

Development opportunity: The opportunity to utilise the multi-use development approval (expiring December 2023) for a 20-level business, shopping, and residential tower; designed to offer a small area of street level retail spaces, corporate offices, and upper-level penthouse and residential apartments reflects the potential for capital appreciation and investment growth in the region. There is a potential to renew existing development opportunity subject to council approval.

Proximity to Amenities: The site offers convenience of being close to central amenities, including Cairns Central shopping centre and Cairn’s waterfront precinct. The property is on the same street block as Australia Post, Cairns Courthouse, and Government offices.

Cairns' Tourism Attraction: Cairns' natural surroundings, including the Great Barrier Reef and lush rainforests, add to the area's appeal. Tourism is a major contributor to the economy of Tropical North Queensland, with 3 million visitors annually pre covid (Cairnsqld.gov,2019).

Contact Us:

To explore this unique opportunity and receive a detailed tender information package, please contact either Nick Moller on 0423 782 673 or Clinton Noipo 0487 379 005. We will provide you with the information you need to make an informed decision regarding this prime Cairns CBD land parcel.