2/99 Esplanade,
Cairns City, QLD 4870
Shops & Retail • Offices • Other
Price information
Sale
$1,799,000
Key property information
Land area
Floor area
Car spaces
Tenure type
Private inspections
to arrange a private inspection.
Map of 2/99 Esplanade
Train stations within 5 km of 2/99 Esplanade, Cairns City, QLD 4870 Distance Cairns 933 m Portsmith Station 3.4 km POWERED BY HERE ©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 Cairns Central Shopping Centre 912 m Cairns Hospital 1.1 km POWERED BY HERE ©
POWERED BY HERE ©
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.
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.
Additional information
External websites
Property ID: 504678136Last Updated: 24 Sep 2024
2/99 Esplanade
Cairns City, QLD 4870
Ray White - Cairns, Cairns Beaches & Palm Cove37 Grafton Street
CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870
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