16 Minnie Street Cairns City QLD 4870

Offices
466 m²
For Sale, Contact Agent

Well Positioned Free Standing Office Building

Knight Frank Cairns brings to market a well positioned, standalone office building situated at 16 Minnie Street, Cairns City. This property is an excellent opportunity for a business seeking to own its premises, with the added benefit of leasing part of the space. It also presents a great option for investors, with the potential to achieve over 8% net return through leasing.

The two level free standing commercial property is well located on the fringe of the CBD with excellent street parking and is situated in a mixed use area with retail, medical and professional offices.

* Zoning: Mixed Use Precinct 1 - Commercial
* Land Area: 510 sqm
* Building Area: 466 sqm including mezzanine areas
* Currently divided into 5 tenancy areas all of which have substantial fitout already in place (areas can be combined)
* Secure onsite covered parking for 8 vehicles accessed via automatic gates

Ground Floor
Suite 1: Area 60 sqm
Suite 2: Area 71 sqm
Suite 1 & 2: Currently leased to National Legal
Lease term: Month to month
Rental: $45,803 pa + GST

Suite 3: Area 45 sqm
Vacant

First Floor
Suite 4: Area 88 sqm
Vacant

Suite 5: Area 202 sqm
Vacant

Current Outgoings $18,182.84 pa

Current Income $45,803 pa + GST Gross

Potential Net Income Fully Leased $120,620 pa + GST

Asking Price $1.425 million