2/99 Esplanade,
Cairns City, QLD 4870

Shops & Retail • Offices • Other

Price information

Sale

Expressions of Interest - Closing 24th September

Key property information

Land area

Floor area

Car spaces

Tenure type

Private inspections

to arrange a private inspection.

Map of 2/99 Esplanade

Directions

Train stations within 5 km of 2/99 Esplanade, Cairns City, QLD 4870 Distance
Cairns 933 m
Portsmith Station 3.4 km
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Bus stops within 5 km of 2/99 Esplanade, Cairns City, QLD 4870	Distance
Lake Street at Cairns Private Hospital	561 m
Florence Street at Sheridan Street	597 m
Spence Street at Grafton St	670 m
Greyhound Bus Stop Cairns	896 m
Cairns Central Shopping Centre	912 m

BLUE CHIP INVESTMENT ON TIGHT HELD COMMERCIAL STRIP

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. Expressions of Interest - Closing 24th September @ 12:00 PM.