Retail for Sale

2/99 Esplanade Cairns City, QLD 4870

Price on Application

Building/Land: 98m²

Contact the agent if you'd like further information.

Enquire with Agent

Retail for Sale in Cairns City

BLUE CHIP INVESTMENT ON TIGHT HELD COMMERCIAL STRIP

Building/Land: 98m²

Next Steps:

Enquire with agent

This exceptional commercial allotment is situated in a prime position on the bustling Cairns Esplanade, a highly sought-after location renowned for its vibrant dining and retail scene. The property is currently tenanted by national franchise "Hello Harry's," enhancing the attractiveness of what is already an astute investment.

Upside:

High yielding investment opportunity secured by national tenant
Tightly held esplanade dining precinct
$28 million refurbishment of Cairns Esplanade
2 carparks on title

Lease breakdown:

NLA: 98 m²
Lease: 5 x 5 x 5
Commencement Date: 15/11/2021
Expiry Date: 15/11/2031
Annual Review: CPI
Market Review: 15/11/2026
Gross Rent: $140,000 + GST (inclusive of outgoings)

Astute investors have the opportunity to acquire a strategic asset that not only provides a steady income stream with uplift potential but also offers the added benefit of being a significant holding in a prominent location within the Cairns real estate market.

Information Memorandum available upon request.

Building:

98m²

Land:

98m² / 0.02 acres

Tenancy:

Tenanted

Categories:

Retail, Offices, Other

Next Steps:

Enquire with agent

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This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.