440-442 Varley Street

Opportunities like this are becoming increasingly rare. Set on a substantial 1,081m² level double block in one of Cairns' most sought-after beachside suburbs, this deceased estate presents an outstanding opportunity for developers, investors, land bankers and buyers seeking space, flexibility and future upside. With housing in short supply and demand continuing to outstrip supply, the potential here is significant. Whether you're looking to subdivide (STCA), construct additional dwellings, develop duplexes or simply secure a large parcel of land in a premium location, this is a property that deserves serious consideration. The existing home is solid, well maintained and although requires some cosmetic updates is certainly liveable. A few basic updates and the home is rentable, providing valuable holding income while future plans are explored. Add to this a substantial powered shed, dual access and room for every toy imaginable, and the possibilities become even more attractive. Features include: -Huge 1,081m² level double block -NOT in a Flood Zone -Outstanding development potential (STCA) -Solid existing home with estimated rental return of $600 per week -Massive 7m x 6m shed with three-phase power -Dual driveway access with second gate to shed -Plenty of room for boats, caravans, trucks and additional vehicles -Fully fenced yard ideal for children and pets -Established gardens with an abundance of fruit trees -Opportunity to build an additional dwelling or redevelop the site (STCA) -Rare landholding in a tightly held beachside location -Low Density Residential Zoned Positioned for convenience and lifestyle the walk score is fantastic with approximate distances: -300m to local shopping precinct -400m to Yorkeys Knob State School -1200m to Yorkeys Knob Beach -900m to Half Moon Bay Golf Course -1600m to Yorkeys Knob Marina, Boat Club and boat ramp -100m to Bus stop Whether you're a developer looking for your next project, an investor seeking future growth, or a buyer wanting one of the largest residential blocks available in Yorkeys Knob, this is a genuine opportunity to secure a property with enormous potential. Properties with development potential in locations like this rarely come to market. Act quickly. All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.