13-15 Water Street,
Cairns City, QLD 4870

This is an excellent opportunity to invest in a premium retail investment property located Cairns Queensland .
The long lease is to Officeworks Ltd, a subsidiary of Wesfarmers Ltd, which is one of Australia's largest listed companies, who's diverse business operations cover: supermarkets, liquor, hotels and convenience stores; home improvement; office supplies; department stores; and an industrials division with businesses in chemicals, energy and fertilisers, industrial and safety products and coal, generating over $60 billion in sales annually.

- Long lease term of 10 years commencing on 2 May 2015.
- Options for two further terms of 5 years each.
- In occupation since 2000.
- Site area: 4,695sqm approx.
- Building area: 2,403.8sqm approx.
- Ample onsite parking.
- Excellent corner location with exposure to Bruce Highway.
- Neighbours include Cairns Central Shopping Center, Super Amart, McDonalds, KFC, Midas and Southern Cross Atrium Apartments.
- Current passing net income: $470,700 per annum
- Tenant pays outgoings except land tax.