Unleash the potential in the heart of Cairns City with this Prime location

145–147 Lake Street, Cairns City is one of the most notable remaining sites within Cairns' most transformative area. Revolution Real Estate Cairns is pleased to exclusively present this site, which offers momentous scale, a mix of favourable existing zoning and view corridors that provide the opportunity to deliver a landmark development within the Cairns CBD. The property is in a prime location and has been designated adequately to accommodate a variety of land uses. The ideal use for the property would likely be residential or mixed-use, and if the right design choices and configurations are made, there's a significant likelihood that council will accept these uses. With a total site area of 1,527 m2, the following scenarios could be approved according to the Cairns Plan 2016 for this location: - Residential buildings with a maximum height of 46 m and 13–14 storeys; - With 80% site coverage for the first two storeys and 40% for development above two storeys The five storefronts are now leased for approximately $120,000 a year, while the hostel at the rear of the property is not occupied. To learn more, get in touch with Chris Eustace Eustace *Indicative images are for illustrative purpose only