Waterfront Precinct

239–241 Esplanade & 252–254 Lake Street

Cairns North, QLD 4870

239–241 Esplanade & 252–254 Lake Street

92

Total Apartments

13,103 m²

Combined GFA

Approved (Feb 2029)

DA Status

Development Approval Summary

Site Area

239-241 Esplanade + 252 & 254 Lake Street

Total Units

92 apartments (64 Esplanade + 28 Lake Street)

Height Limit

45.0m AHD (Cairns Airport OLS compliant)

DA Valid Until

7 February 2029

Planning Framework

CairnsPlan 2016 v3.1

Combined GFA

13,103 m²

Why This Opportunity

Cairns is experiencing sustained population and tourism growth as Australia's gateway to the Great Barrier Reef and Daintree Rainforest. With the 2032 Brisbane Olympic Games set to accelerate tourism and infrastructure investment across Queensland, the Cairns residential market is well positioned for long-term capital growth. This Esplanade site offers developers a rare flagship project opportunity ahead of the Olympic cycle.

Key Development Conditions

  • Lots 12 & 13 must be consolidated into a single lot prior to use
  • Access Easement registration required
  • Building height must not exceed 45.0m AHD
  • Airport noise insulation must comply with AS2021 (sleeping areas ≤50dB, other areas ≤55dB)
  • Minimum floor level must be above 1% AEP flood level (including storm tide)
  • Development Permit for Building Work + Plumbing Work required

Site Information

Lot Reference

Lot 200 on SP338361 + Lots 12 & 13 on RP701251

Applicant

Lee Group Australia Pty Ltd (via wildPLAN)

DA Approval Date

7 February 2023

Views

Trinity Inlet · Coral Sea · Waterfront

Project Views

239–241 Esplanade & 252–254 Lake Street view 1239–241 Esplanade & 252–254 Lake Street view 2239–241 Esplanade & 252–254 Lake Street view 3

Development Details

ESPLANADE SITE

64 apartments · 13 floors · ~9,450 m² GFA

LAKE STREET SITE

28 apartments · 10 floors · ~3,653 m² GFA

ASPECT

Trinity Inlet · Coral Sea · Waterfront

Market Position

  • Largest DA-approved waterfront residential precinct
  • Zero new towers since 2020 — supply shortage
  • Below 1% rental vacancy
  • +11% pa growth — #1 nationally

The Opportunity

The only finite waterfront development opportunity in Far North Queensland. A combined acquisition offers staged delivery, precinct control, and strategic market advantage.

METHOD

Expression of Interest

EOI CLOSING

26 May 2026 · 5:00 PM

CONTACT

Grace Gu · 0433 856 796

Express Interest

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