2/31 Macrossan StreetPort Douglas QLD 4877
Property Details for 2/31 Macrossan St, Port Douglas
Last Listing description (August 2023)
The Ngarru Aboriginal Art Gallery has been trading in this location since the building was constructed in about 2001. You would be proud to own this quality property in your portfolio. And the current lease has over 3.5 years left to run with a further 5 year option. It is important to note that this investment in commercial property has very little FIRB approval necessary for offshore investors. It is a safe investment in a safe country to invest with confidence and a long term view.
One would imagine there would be considerable depreciation available for the purchaser and with the lease in place it probably is a GST free transfer as a going concern.
The property is for sale for the first time since the building was constructed and is recommended to any investor who only buys quality and buildings with appeal and location, location, location..
If you are seriously in the market around this price level, call the Exclusive Agent Tony McGrath on +61 418 77 22 77 or email tony@tonymcgrath.com.au to get the confidential information memorandum.
Property Code: 2
Property History for 2/31 Macrossan St, Port Douglas, QLD 4877
- 16 Nov 2021Sold for $1,600,000
- 30 Sep 2019Listed for Sale $1,750,000
- 25 Mar 2004Sold for $1,360,000
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About Port Douglas 4877
The size of Port Douglas is approximately 9.9 square kilometres. There are 18 parks, covering nearly 16.2% of the total area. The population of Port Douglas in 2016 was 3504 people. By 2021 the population was 3650 showing a population growth of 4.2% in the area during that time. The predominant age group in Port Douglas is 30-39 years. Households in Port Douglas are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Douglas work in a community and personal service occupation.In 2021, 55.00% of the homes in Port Douglas were owner-occupied compared with 48.20% in 2016.
Port Douglas has 5,307 properties. Over the last 5 years, Houses in Port Douglas have seen a 44.97% increase in median value, while Units have seen a 82.27% increase. As at 30 April 2026:
- The median value for Houses in Port Douglas is $928,534 while the median value for Units is $450,199.
- Houses have a median rent of $700 while Units have a median rent of $580.
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