53-55 Abbott StreetCairns City QLD 4870
Property Details for 53-55 Abbott St, Cairns City
Last Listing description (August 2026)
Landbank today, develop tomorrow.
Freehold development site for sale at 53-57 Abbott Street, Cairns City. Three adjoining lots positioned directly opposite the recently sold Cairns Reef Hotel Casino, offering exceptional exposure in one of the city's most tightly held commercial corridors.
Spanning a combined landholding of 975 sqm* with 600 sqm* of existing build area, this is a site built for developers ready to move, with the added flexibility of a landbank hold in the meantime.
Approved plans set this site apart. Dual ground floor commercial tenancies plus two multi-level residential apartments with integrated parking have already been approved and are available at no cost for resubmission, cutting straight through the time, cost, and risk that typically stalls a project before it starts.
Tenants are currently on flexible month-to-month arrangements, ideal for a landbank hold, with scope to negotiate longer-term leases if stronger holding income is preferred.
Positioned in the heart of Cairns' tourism and business precinct, the site sits within easy reach of Cairns Central Shopping Centre, Cairns Base Hospital, Cairns Rail Terminal, and Cairns Airport, keeping it well connected for residents, workers, and the tourism trade that underpins much of the local economy.
Developable land in the Cairns CBD core is only getting harder to find. This is a genuine chance to capitalise on strong underlying demand and secure a blue-chip footprint before it's gone.
Property Features:
Sale Price: Offers over $3.5 million
Land Area: 975 sqm*
Building Area: 600 sqm*
Zoning: Principal Centre
Lease Status: Flexible month-to-month, ideal for landbank hold
Estimated Rental Return: $216,000 pa + outgoings
Approved Plans: Dual commercial tenancies + two multi-level residential apartments with integrated parking (available at no cost for resubmission)
Location: Opposite Cairns Reef Hotel Casino, Cairns CBD
Contact the RWC Cairns Commercial Team today to secure your position on this rare CBD development opportunity.
Property History for 53-55 Abbott St, Cairns City, QLD 4870
- 19 Aug 2026Listed for Sale Contact Agents Grant Timmins & Susan Doubleday
- 16 Jul 2025Listed for Sale Contact Agents Grant Timmins & Susan Doubleday
- 03 Nov 2022Listed for Sale CONTACT JAY BEATTIE ON 0428 551 062
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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 3,419 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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