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2. Property Highlights

DUAL INCOME + MODULAR ACCOMMODATION DEVELOPMENT OPPORTUNITY!

This RARE 2ha/5 acre property is offered for sale with an existing dual income from two separate houses (3 bedroom home & 4 bedroom home, rental return of 960wk*), plus the potential for a modular workers accommodation development or residential subdivision, subject to Council approval (STCA). Other potential uses for the site (STCA) could include a caravan park, tourist park, retirement, manufactured home park, or self-storage sheds.

Located just 2km north of Mareeba's CBD (walking distance to shops) and next door to the Cape Gateway Motel with a restaurant open to the public, this 2ha / 5 acre property is relatively flat, with approx. 1ha cleared to the front boasting highway frontage.  

Mareeba is located about 60kms (1 hour drive) from Cairns, and is the 6th fastest growing local government area in Queensland, and the largest town outside of Cairns in the Far North. The Mareeba Shire is one of the largest fruit producing regions in Australia. The current housing crisis is especially evident in the Mareeba and the Tablelands area, with vacancy rates at an all time low of 0.33%.  

There is not currently a purpose-built worker’s accommodation facility open to the public available in Mareeba. Discussions have been held with local farms and workforce providers who have confirmed the immediate accommodation requirement for 100+ workers. 

All town services are available and pre-lodgement discussions have been held with Council & SARA (TMR) for a potential 104-room workers accommodation development* on the property, which have both been encouraging.  

The property could also be potentially subdivided into smaller residential lots*. Zoned Emerging Community, this property offers unlimited opportunities for a saavy investor or developer. This is also a great opportunity to land bank for the future, with the benefit of an existing dual income. 

House 1:

Rent appraisal $500-$530wk (rented privately)

3 large bedrooms with built-ins + one extra large separated bedroom

Large open plan living area with raked ceilings & wooden feature beams

Functional kitchen with breakfast bar

Air-conditioning to living area & two bedrooms

Separate office area and large storage room

Low maintenance vinyl flooring, fans & security screens

Bathroom with bathtub and separate toilet

Large laundry and ample storage throughout

Full length veranda overlooking large in-ground swimming pool

Established trees & gardens

Fully fenced horse paddock to the front

Double garden shed with awning + 3 bay carport

House 2:

Rented $430wk

Concrete block 3 bedroom, 1 bathroom home

Very private & hidden from the road with bushland aspect to the rear

Recently painted & renovated

Air-conditioning and built-in robes to two bedrooms

Two-way bathroom (doubling as an ensuite to master bedroom)

Practical kitchen & convenient laundry

Solid internal block walls

Vinyl plank flooring, ceiling fans & security screens

Office/study nook and rumpus room

Outdoor patio overlooking the fully fenced rear yard

Partially fenced horse paddock to rear + small separate fenced area for pets

Double garden shed + 2 bay carport

Remember to mention you found this property on DevelopmentReady

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3. Property Location

120 Mulligan Highway, Mareeba, QLD, 4880

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4. Due Diligence

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120 Mulligan Highway, Mareeba, QLD, 4880 Mareeba
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