A 19,000sqm waterfront landholding earmarked for Cairns’ newest retirement village is being offered to the market.
Located at 21 Hope Street, Clifton Beach, the substantial site has Development Approval to accommodate a luxury retirement resort/village, comprising 84 units, recreation facilities including meeting rooms, landscaped gardens, restaurant and coffee lounge.
The property, situated 25 minutes from the Cairns CBD and within walking distance from Clifton Beach Shopping Centre, represents a landmark investment opportunity to acquire one of the final remaining infill sites with beach access to Cairns’ northern beaches.
CBRE’s Chris O’Driscoll and Xavier Rahme, in conjunction with Cairns Key Real Estate, have been appointed the market the site.
Mr O’Driscoll said the sale unlocked an attractive investment opportunity on the doorstep of the Cairns coastline.
“As one of the last remaining residential landholdings on Clifton Beach, this site offers an attractive opportunity to secure prime beachside real estate with strong upside potential through its future development,” Mr O’Driscoll said.
“With over 55 seniors making up approximately 25% of the population, this property is positioned for success as an established retirement housing development.”
The sale marks the first time the property has been offered to the market for more than 30 years.
Mr O’Driscoll said Clifton Beach was one of Cairns’ most desirable residential locations, with a rainforest covered mountain range backdrop and stunning Coral Sea coastline.
The property is being offered for sale via Expressions of Interest closing Wednesday, 4 October at 4pm.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
