Professional Retail & Office Building

111-115 Grafton Street, Cairns City, Queensland 4870

Office / Retail For Sale

For Sale    Tenanted Investment
Land Area: 2,037.00 m2.    Floor Area: 5,129.00 m2.    

Car Spaces: 55   

Description

This stand out property is well located within the Cairns Central Business District, near the Shields Street Mall and close the Cairns’ largest shopping centre, Cairns Central. The property has good exposure to vehicular and pedestrian traffic, and is in close proximity to the tourist areas of the Esplanade, the government (administrative) and court/legal precinct, convention centre as well as other main commercial office buildings servicing the CBD.

The property is well located in the Cairns CBD, occupying a prominent position on Grafton Street, bordering local retail and commercial precincts and in close proximity to major hotels and tourist areas.

Key Features:
• 5,129m2* of total lettable area on a land area of 2,037m2*
• Prime and well positioned office and retail building in the heart of the Cairns CBD
• Purpose built stand-alone commercial office & retail building made of six tenancies
• 3,673m2* of tenanted building with long leases & 5 year options
• Solid returns - Current income of $1,697,244* per annum, plus GST, plus with only 1 vacant tenancy
• 55 secure undercover off-street car parks + 22 stacking spaces (not operational)loading docks & customer parking out front.

The subject vacant tenancy would ideally suit a boutique retail shop or office looking to position itself close to the Esplanade, either temporarily by Lease or more permanently by purchase. The tenancy also opens the opportunity to purchase an investment opportunity.

For more information or to arrange an inspection, contact Karen Stabile

*approximately.

Features

  • 5,129m2* of total lettable area
  • Freehold area of 2,037m2*
  • Purpose built stand-alone commercial office & retail building

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