Exceptional Commercial Investment with Development Potential | 1,508m Allotment
Proudly brought to the market by The Murphy Team, this expansive freehold commercial property at 37 Stokes Street, Edmonton presents a rare investment opportunity with substantial growth potential. Spanning a 1,508m allotment, the property offers 447m under roof and is currently tenanted by a long-standing, successful swim school that incorporates health and fitness classes.
There is significant upside to this investment, with an additional split tenancy option available at the rear of the property. This space includes a 171.6m covered court previously used for mixed martial arts, and a 105m storage area/workshop.
Property Breakdown:
- 447m under roof
- 17 on-site car parks with ample curbside parking
- Prime location on a major service route with strong vehicular exposure
- Well-appointed male and female amenities servicing both the pool and gymnasium
- 105m storage area/workshop
- 171.6m covered court
- Two separate long-standing tenancies, one of which is for the Swim School and one for the gymnasium
- Close proximity to major shopping facilities and key highways/service routes
Located in the heart of the southern corridor, which is experiencing rapid growth and development in the Cairns region, this property offers a prime opportunity for astute investors looking to capitalize on its central location and potential for further development.
Contact David Murphy today to receive a full information memorandum today!
The size of Edmonton is approximately 20.5 square kilometres. It has 29 parks covering nearly 4.9% of total area. The population of Edmonton in 2016 was 10753 people. By 2021 the population was 11409 showing a population growth of 6.1% in the area during that time. The predominant age group in Edmonton is 10-19 years. Households in Edmonton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Edmonton work in a trades occupation.In 2021, 65.00% of the homes in Edmonton were owner-occupied compared with 61.10% in 2016.
Edmonton has 4,977 properties. Over the last 5 years, Houses in Edmonton have seen a 103.69% increase in median value, while Units have seen a 167.26% increase. As at 31 March 2026:
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