115 & 117 Davidson Street Port Douglas, QLD 4877

Offering a significant freehold parcel of land totalling 7,120 sqm that presents a compelling strategic investment opportunity. Its central location at 115 & 117 Davidson Street in Port Douglas - the jewel of Tropical North Queensland - is highly visible with prime street frontage. This is a crucial feature for any commercial enterprise, especially for an accommodation business, as it ensures high exposure and easy accessibility for guests. This visibility has considerably contributed to the existing resort's success and its potential for future development. The site is ideally situated just 60km north of Cairns and 2.5km from the Port Douglas town centre, placing it amidst expansive resorts and luxury residential offerings.

Port Douglas is one of Australia's most iconic and idyllic seaside destinations, offering access to the Great Barrier Reef via the Crystalbrook Superyacht Marina, the golden sands of Four Mile Beach, and the world-famous Macrossan Street, which connects the two with boutique stores and restaurants.

The existing Pink Flamingo resort, which includes 12 villas and a manager's house, provides immediate cash flow. This "holding income" is invaluable, as it allows an investor to generate revenue while planning or executing any future development/expansion. It also means there's an established business with a customer base. A 5 bedroom dual-level home on the adjacent block also provides immediate opportunities for long-term rental income, or a place to call home for yourself.

The development potential for this site is its most exciting strategic aspect. With 7,120sqm in a prime Port Douglas location, the possibilities are extensive and could include:

• Expanding the existing resort: Adding more villas or facilities.
• Redeveloping into a new tourism offering: Such as a boutique hotel, serviced apartments, or eco-lodges to cater to the strong tourism market.
• Creating a mixed-use development: Combining commercial spaces (e.g. retail or restaurants) with residential or accommodation units.
• Subdividing the land (subject to council approval) to create a gated estate of homes or villas.

Positioned directly next door to the recently council approved Gurner $250 million dollar resort. This clearly shows what is possible and what potential this property has into the future.

The Douglas Shire is a key part of the visitor experience in Tropical North Queensland. It welcomes an average of 443,000 overnight visitors and 264,000 day visitors each year, generating $611 million and supporting over 2,500 jobs. Figures from Tourism and Events Queensland demonstrate that the Douglas Shire, with an 80% economic reliance on tourism, ranks as the most tourism-dependent region in Australia. The tourism industry is primarily driven by the spectacular World Heritage-listed beauty of the region, including the Great Barrier Reef, Daintree Rainforest National Park, pristine beaches, fresh water rivers, waterfalls, and beautiful rural scenery.

Get the best of both worlds: a proven income stream and significant development potential in Port Douglas.

Contact your exclusive agent Mark Flinn on 0405 646 313 to discuss the property further or to arrange your private inspection.

Disclaimer: All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.