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CBD Tenanted Investment Opportunity - #1
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Colliers Cairns are pleased to offer for sale the fully leased commercial investment opportunity located a 141 Abbott Street, Cairns City, QLD.

Centrally positioned amongst the hustle and bustle, 141 Abbott Street holds prominent positioning in the heart of the city's CBD. Running parallel to the new Cairns Esplanade dining precinct, the subject site is bounded by an abundance of retail centres, office buildings, residential apartments, resorts and quality restaurants and cafes.

Anchored by a state government tenancy, this opportunity represents the ideal opportunity to build your investment portfolio. Incorporated into the Centrepoint residential complex, the offering comprises the whole ground floor of the centre covering approximately 658m2 over a single title.

The property has been configured to accommodate multiple individual suites. Three tenancies currently occupy the premises, each with quality fit outs and prominent signage and footpath frontage onto Abbott Street. Suite B has been designed with their own internal amenities while the balance tenancies share exclusive access to on-site amenities. The tenancies also benefit from 7 designated, under cover car parking spaces.

This prominent multi-tenanted ground floor investment opportunity delivers a strong mix of professional tenants and a solid gross passing income of $140,631* pa. The property retains a versatile footprint allowing the site to be adapted to suit a myriad of future uses of varying sized with little restrictions.

Features:

- Fully tenanted investment
- Passing income approx $140,000 + GST
- High quality tenancy fit outs
- Prominent exposure and central CBD location
- 16-metre footpath frontage
- On-site staff amenities
- Designated, secure car parking spaces

The property is for sale by auction to be held on Thursday 2 December at 11am at the office of Colliers Cairns, located at 35 Lake Street, Cairns.

Bidding by phone and internet is available via prior registration, however arrangements must be made no later than 24 hours prior to auction to enable the prior approval of the seller

For more information, contact Jay Beattie.

*approximately

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.


Ref #: 20834227
  • 01/11/2021
  • Contact our experts for details on this transaction