Colliers Cairns are pleased to present to the market a group of mixed-use commercial properties located at 223-229 Sheridan Street and 208-214 McLeod Street, Cairns North, QLD. This premium investment portfolio is being offered to the market for expressions of interest closing Thursday 6 October at 4pm.
Comprising 9 individually titled freehold properties, which are available individually or in one line, this sale presents the opportunity for investors to build their portfolios with quality stock. Providing a secure holding income with a variety of commercial tenancy spaces, the portfolio is anchored by several long-standing tenancies including a 24-hour grocer, café and bakery. The combined 6,352m2* site offers a total net income of $540,647pa*. The pooled properties accommodate a total of 15 tenancies, 12 of which are currently under lease. The mix of tenancies comprise a wide selection across the commercial spectrum including retail, government and healthcare services.
Benefiting from prominent positioning along some of the busiest roads in Cairns, the combined properties have a unique triple street frontage onto Sheridan, McLeod and Charles Streets. Located at the intersection of Sheridan and Charles Street, the properties are adjacent to the future JCU Hospital site and the health innovation precinct.
The structure of the properties range from low-set masonry buildings along Sheridan and Charles Streets to multi-story Queenslander style buildings along McLeod Street. Each allotment has their own street frontage exposure with car parking to the rear of each property.
Features:
-Prominent corner positioning with rare triple street frontage
-Substantially sized combined area of 6,352m2*
-15 individual tenancies
-Total net income in excess of $520,000 pa
-Future development potential STCA
-Ample off and on-street car parking for each tenancy
This outstanding commercial investment opportunity can be purchased in one line or individually. The properties are being offered for sale by expressions of interest closing Thursday 6 October at 4pm.
For further information or to arrange an inspection contact the agent.
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All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.
