29 Shields St,
Cairns City, QLD 4870
Shops & Retail • Offices • Other
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100% LEASED COMMERCIAL FREEHOLD - CAIRNS CITY
Cairns Commercial Property is delighted to offer for sale the property located at 29 Shields Street, Cairns City. This charming two storey freehold property with a NLA of 294m2 occupies a land area of 209m2, is fully leased and superbly located in the heart of the City in walking distance to the Lake Street Bus Terminal, Esplanade Lagoon Precinct Cairns Central Shopping Centre and Business networking community.
Improvements to the land comprise of a two-storey reinforced concrete building with a gabled parapeted frontage, two-storey street verandah supported on timber posts, with upper-level timber detailing and external staircase to the rear of the building. There are two easements associated with the property that both burden and benefit the land providing a laneway access to the left of the property for both access and egress to and from the rear of the building.
The ground floor of the building offers a modern glass shop front with automatic doors, suspended ceilings and ducted air-conditioning, with kitchen sink, internal toilet and storage at rear. The first floor of the building is accessed by a glass door at street level, with internal timber staircase leading into a refined light filled office tenancy where dark timber floors, high ceilings and ornate cornices combine to create a gracious work environment. The tenancy comprises of four separate offices, boardroom, workstation area and fully equipped kitchen with French doors leading on to a large verandah with views over the City. To the rear are male and female amenities and a central plant room that services the whole of the building.
The property is fully leased to two tenants. The whole of the ground floor is leased to Statewide tenant NightOwl Properties Pty Ltd who have been in occupation for some 15 years. The whole of the first floor is leased to quality tenant NDISP Pty Ltd. Both tenants have recently signed new 5-year leases.
The charming facade and interior of the building are the reason the building has rarely been vacant.
Anchored by NightOwl Properties Pty Ltd, the property offers strong passing income and security of tenure.
- Land Area 209m2, NLA 294m2
- Freehold property, with charming front facade
- City location with proximity to the transit mall Esplanade, Cairns Central and Business Networking Hub
- 5 + 5 year Lease to NDISP Pty Ltd Commencing August 2021
- 5 + 5 year Lease to NightOwl Properties Pty Ltd commencing Feb 2022
- Annual Gross Income $103,000.00
Improvements to the land comprise of a two-storey reinforced concrete building with a gabled parapeted frontage, two-storey street verandah supported on timber posts, with upper-level timber detailing and external staircase to the rear of the building. There are two easements associated with the property that both burden and benefit the land providing a laneway access to the left of the property for both access and egress to and from the rear of the building.
The ground floor of the building offers a modern glass shop front with automatic doors, suspended ceilings and ducted air-conditioning, with kitchen sink, internal toilet and storage at rear. The first floor of the building is accessed by a glass door at street level, with internal timber staircase leading into a refined light filled office tenancy where dark timber floors, high ceilings and ornate cornices combine to create a gracious work environment. The tenancy comprises of four separate offices, boardroom, workstation area and fully equipped kitchen with French doors leading on to a large verandah with views over the City. To the rear are male and female amenities and a central plant room that services the whole of the building.
The property is fully leased to two tenants. The whole of the ground floor is leased to Statewide tenant NightOwl Properties Pty Ltd who have been in occupation for some 15 years. The whole of the first floor is leased to quality tenant NDISP Pty Ltd. Both tenants have recently signed new 5-year leases.
The charming facade and interior of the building are the reason the building has rarely been vacant.
Anchored by NightOwl Properties Pty Ltd, the property offers strong passing income and security of tenure.
- Land Area 209m2, NLA 294m2
- Freehold property, with charming front facade
- City location with proximity to the transit mall Esplanade, Cairns Central and Business Networking Hub
- 5 + 5 year Lease to NDISP Pty Ltd Commencing August 2021
- 5 + 5 year Lease to NightOwl Properties Pty Ltd commencing Feb 2022
- Annual Gross Income $103,000.00
Property ID: 503984250Last Updated: 14 Apr 2022
Cairns Commercial Property - Cairns
Level 4 Citi Central 46-48 Sheridan StreetCAIRNS CITY, QLD 4870
0418 456 5...
29 Shields St
Cairns City, QLD 4870
Cairns Commercial Property - CairnsLevel 4 Citi Central 46-48 Sheridan Street
CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870