Centrally located and bursting with potential, this could be the ultimate investment opportunity you've been searching for. This 1.09-hectare (10,900sqm) lot of low-density land is zoned Residential A and boasts enviable exposures to both the Kennedy Highway and Mareeba Connection Road.
The opportunities with this impressive site are endless (STCA) with current DA approval in place for an exciting motel-style complex.
This project would include 48 rooms ranging from 25sqm to 30sqm, 10 dual-key two-bedroom units, 14 one-bedroom units plus a three-bedroom manager's unit. There's also scope to add a restaurant/cafe/takeaway shop and a conference room.
Depending on your vision for the property and council approval, you could look to land bank for the future, undertake a subdivision and create multiple residential lots or even plan for a future expansion of the initial project.
Everything Mareeba has to offer is within easy reach including shops, parks and amenities and you're just moments from schools, public transport links and the racecourse.
