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Commercial Investment Property with Upside Potential - #1
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For Sale

Contact Agent
Colliers Cairns are pleased to present to the market the commercial premises located at 35 Digger Street, Cairns North.

The 1,038m2 property is located two blocks back from the Cairns Esplanade and backs onto the natural amenity of Les Davies Park. Improved by a two-storey unit complex comprising 6 one-bedroom units with a total NLA of 280m2* under roof and 110m2* of balcony and patio area.

This property presents an outstanding opportunity for a savvy investor to renovate the current improvements or develop the land to increase the current rental income. With undeniable development potential (STCA) and the prime positioning of the lot, this is the chance to secure an unbeatable opportunity in an area that is continuing to grow.

Features:
•Sizeable 1,038m2* property
•Fully leased with secure rental income
•Proximity to Cairns CBD, Cairns Base Hospital, Esplanade facilities and Cairns International Airport
•Existing apartment building accommodating 6 one-bedroom units
•Potential for future development (STCA)
•Zoned Residential

For more information, contact the agent.

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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.