38-40 Abbott StreetCairns City QLD 4870
Property Details for 38-40 Abbott St, Cairns City
Last Listing description (July 2016)
A QUEENSLAND INSTITUTION- LANDMARK QUEENSLAND HOTEL SITUATED IN CAIRNS CENTRAL BUSINESS DISTRICT AS PART OF A HIGH PROFILE 7,076SQM* SITE.- 1,335SQM* TRADING FOOTPRINT WITH FAVOURABLE 3AM LIQUOR LICENCE AND 35 GAMING GAMING MACHINE AUTHORITIES.- HIGH VAULTED CEILINGS IN THE MAIN BAR WITH NEVER TO BE REPLACED HERITAGE FEATURES, MAKING IT A TRULY UNIQUE HOTEL.- COMMANDING BEER GARDEN WITH LARGE PROJECTOR SCREEN UTILISED FOR BROADCASTING MOST MAJOR SPORTING EVENTS.- 'BREAKAWAY' AREA ALLOWING FLEXIBILITY FOR FUNCTION AND CONFERENCE SPACE.- CONSISTENT REVENUE STREAMS AND BALANCED TRADE MIX, PRESENTING A SOLID BASE TO FURTHER GROW REVENUE ACROSS ALLDEPARTMENTS.- LOCATED OPPOSITE THE WOOLWORTHS ANCHORED ORCHID PLAZA SHOPPING CENTRE AND WITHIN CLOSE PROXIMITY TO THEFORESHORE & PIER, REEF CASINO AND NUMEROUS ACCOMMODATION HOTELS AND BACKPACKERS.- CURRENT SUBSTANTIAL DEVELOPMENT APPROVAL TO RECONFIGURE THE HOTEL AND BEER GARDEN, WHICH AFFORDS THE INCOMINGOPERATOR THE ABILITY TO MAXIMISE THE TRADING PERFORMANCE ACROSS ALL REVENUE STREAMS.- CAIRNS COURTHOUSE HOTEL IS CURRENTLY OWNED AND OPERATED REMOTELY ENSURING IMMEDIATE UPSIDE BY HANDS-ONOPERATIONS FROM AN OWNER OPERATOR.FOR SALE BY EXPRESSION OF INTEREST CLOSING WEDNESDAY 13TH JULY 2016 AT 12:00PM (AEST).
Property History for 38-40 Abbott St, Cairns City, QLD 4870
- 19 Jul 2016Listed for Sale Not Disclosed
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0About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation.In 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.
Cairns City has 3,421 properties. Over the last 5 years, Houses in Cairns City have seen a 60.75% increase in median value, while Units have seen a 56.07% increase. As at 31 July 2026:
- The median value for Houses in Cairns City is $734,411 while the median value for Units is $606,586.
- Houses have a median rent of $488 while Units have a median rent of $600.
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