A rare find in Cairns North! This is a high-yield investment with development potential. Located on a level 931sqm corner block, two blocks back from the Cairns Esplanade. There are multiple options on offer, keep it as a high-yield investment, develop it into your dream home or build two new homes (STCA). The main residence is an early 1940s double brick double storey home providing three large bedrooms, sunroom and two bathrooms upstairs (main bedroom with ensuite), formal and informal dining and living rooms, spacious kitchen and a sunroom on the ground floor. Character features have been retained throughout and include high ceilings, casement windows, timber floors, period cornices and mouldings. Attached to the main residence is a two bedroom granny flat and two self-contained studios with separate access. The secondary residence is a detached double storey building with a two-bedroom, one bathroom apartment located on each level. - Potential to further develop and/0r build your dream home (STCA) - A generous 931m2 of level land - Cairns State High School and Edge Hill State School catchments - Walk to Cairns Esplanade and CBD - Total of 11 bedrooms, 7 bathrooms and 2 car accommodation, on one single title This lifestyle location is minutes from the Cairns Esplanade, Domestic and International Airports, popular city restaurants, cafes and bars. Inspect today!