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245 Gilmore Road

Mareeba, QLD 4880, Australia
$700,000
6 bed 4 bath 9 car

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Area Price Guide
$658,000$742,000

Indicative price guide range

🏘️
53
Comparable
📊
$900,000
Area median
⚖️
-22%
vs median
🗓️
4 days ago
Listed

Approximate location shown. Contact agent for exact address.

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About this property

What You See: A property positioned on the Cairns side of Mareeba in thriving rural Far North Queensland, on an outstanding 14.93ha (approx. 37-acre) property presenting a rare opportunity to secure both a picturesque country lifestyle and a proven, profitable equine business. "Kensington Park" is a well-established and highly regarded horse agistment enterprise, thoughtfully designed for efficiency and ease of operation. With over 40 individually fenced paddocks, the property is set up for excellent pasture management, streamlined care, and peace of mind for clients seeking professional horse facilities. A business that operates efficiently with minimal assistance, offering a balance between lifestyle and income. Demonstrating strong financial performance, capable of grossing in excess of $340,000 per annum, with an approximate net return of $150,000 after expenses, plus an additional $20,000 per annum from a separate two-bedroom cottage. A cottage that is currently tenanted by a reliable long-term occupant, providing consistent supplementary income and added security or if required could be available for vacant possession in June this year. A spacious and well-designed four-bedroom, three-bathroom residence, suited to modern family living. Generous open-plan living areas flow seamlessly to a large undercover entertaining and BBQ zone, ideal for year-round use. Outdoors, a sparkling in-ground swimming pool creates a private oasis, further enhancing the relaxed lifestyle offering. Inside, multiple living zones, well-appointed bathrooms, and a functional layout provide both comfort and flexibility. What We See: A unique opportunity to secure a dual-purpose property that successfully blends lifestyle, income, and future growth potential. With an established reputation, strong financial performance, and quality infrastructure already in place, "Kensington Park" presents a seamless transition into the equine industry or an expansion of an existing operation. An offer representing more than a property; it is a lifestyle investment where business and home life exist in harmony. Whether as a rural enterprise or long-term landholding, the property delivers versatility, scale, and ongoing potential. Opportunities of this calibre-profitable, established, and lifestyle-driven-are exceptionally rare. Everything Else: • 14.93ha (approx. 37 acres) of usable land • Established equine agistment business ("Kensington Park") • 47 individually fenced paddocks • Approx. $340K gross potential income / $150K net annually • Additional approx. $20K p.a. from tenanted 2-bedroom cottage • Spacious 4-bedroom, 3-bathroom main residence • Multiple living areas with open-plan design • Large undercover outdoor entertaining & BBQ area • In-ground swimming pool • Functional layout suited to families or operators Location Highlights: • Positioned on the Cairns side of Mareeba • Easy access to Cairns and surrounding regions • Located within a thriving rural and equine community • Peaceful setting with strong lifestyle appeal Expressions of Interest closing 9th June 2026 at 5pm if not sold prior. Disclaimer: The material and information contained in this marketing are for general information purposes only. Professionals Edge Hill does not accept responsibility and disclaims all liability for any errors or inaccuracies contained herein. Interested parties should rely on their own enquiries.

Property Features

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    Repayment calculator

    $3,394/month
    $1,697 /fortnight
    Loan $560,000 at 6.10% over 30 years

    Upfront costs

    Deposit$140,000
    Stamp duty$24,525
    Conveyancing (est.)$2,000
    Total upfront$166,525
    Verify with QLD revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    6
    Bathrooms
    4
    Parking
    9
    Listed
    4 days ago

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