1/12-20 Toogood Road,
Woree, QLD 4868
Shops & Retail • Offices
Price information
Sale
$3,000,000
Key property information
Floor area
Private inspections
to arrange a private inspection.
Map of 1/12-20 Toogood Road
Train stations within 5 km of 1/12-20 Toogood Road, Woree, QLD 4868 Distance Portsmith Station 2.1 km Cairns 4.2 km POWERED BY HERE ©Bus stops within 5 km of 1/12-20 Toogood Road, Woree, QLD 4868 Distance Mulgrave Rd at Toogood Rd 214 m Toogood Rd Near Cavanagh St 222 m Bruce Highway Near Toogood Road 267 m Toogood Rd at Erang St 480 m Toogood Road Near Windarra Street 536 m POWERED BY HERE ©
POWERED BY HERE ©
Long Term Tenanted Investment
Colliers Cairns offers for sale this retail investment property located within the Woree Business Centre in suburban Cairns City. The property is offered for immediate sale at the listed price of $3M.
Offered with an existing long-term supermarket tenancy, the subject property presents an opportunity for investors to secure a proven tenant in a substantial building, located within an established suburban location.
The IGA supermarket business has been successfully operating out of the same building for 29 plus years and shares its location with Liqourland, QML Pathology, Southcare Medical and Woree Business Plaza. The current lease which commenced in July 2021 provides rental security till 2031 with an additional four, 5-year options.
Current income is set at a gross rental of $246,000 per annum + GST with fixed increases of 2.5% annually and review to market provisions.
Features:
-Long term IGA supermarket tenant
-Part of a well-located suburban centre with ample convenient parking
-Recently commenced 10-year lease with options
-Passing gross income of $246,000pa + GST with fixed 2.5% annual increase
-High traffic, proven location
-Sizeable 899m2* ground floor tenancy area
-Recent upgrading of flooring and merchandise shelving
-Exclusive use loading dock area
This is an opportunity to acquire a tenanted commercial investment located within a busy suburban centre. For sale at the listed price of $3M.
For more information, contact the agent.
*approx.
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.
Offered with an existing long-term supermarket tenancy, the subject property presents an opportunity for investors to secure a proven tenant in a substantial building, located within an established suburban location.
The IGA supermarket business has been successfully operating out of the same building for 29 plus years and shares its location with Liqourland, QML Pathology, Southcare Medical and Woree Business Plaza. The current lease which commenced in July 2021 provides rental security till 2031 with an additional four, 5-year options.
Current income is set at a gross rental of $246,000 per annum + GST with fixed increases of 2.5% annually and review to market provisions.
Features:
-Long term IGA supermarket tenant
-Part of a well-located suburban centre with ample convenient parking
-Recently commenced 10-year lease with options
-Passing gross income of $246,000pa + GST with fixed 2.5% annual increase
-High traffic, proven location
-Sizeable 899m2* ground floor tenancy area
-Recent upgrading of flooring and merchandise shelving
-Exclusive use loading dock area
This is an opportunity to acquire a tenanted commercial investment located within a busy suburban centre. For sale at the listed price of $3M.
For more information, contact the agent.
*approx.
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.
Property ID: 503993675Last Updated: 7 May 2024
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1/12-20 Toogood Road
Woree, QLD 4868
Colliers - Cairns35 Lake Street
CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870
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