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76 Lake Street
Cairns City QLD 4870
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76 Lake Street Cairns City QLD 4870

  • Shop & Retail
  • 1,421 m²
  • For Sale, $5,950,000 (GST na) (under offer)

$5.95M SALE PRICE WITH 8.9% NET YIELD TENANTED INVESTMENT OPPORTUNITY

  • THE COMMONWEALTH BANK BUILDING
  • RIGHT IN THE HEART OF THE CAIRNS CBD
  • LEASED UNTIL AUG 2027 + OPTIONS TO 2033

ADDRESS: 76 Lake Street, Cairns City

Home of The Commonwealth Retail and Commercial Bank For Over 30 Years

LOCATION: The property is located in the absolute heart of the Cairns CBD on Lake Street. It is within 500m of The Cairns Night Markets, The Reef Hotel Casino, Cairns Central Shopping Centre, Reef Fleet Terminal, Cruise Liner Terminal, all major 4 and 5-star hotels and the Cairns Convention Centre.

LAND AREA: 1,012m²

BUILDING AREA: 1421m²

- Ground Floor (CBA) - 797m²
- First Floor (7 Offices) - 624m²

FRONTAGE: 20m to Lake Street

The offering is a two level freehold building with retail on the ground floor and office space on the first floor. The ground floor is leased to the Commonwealth Bank of Australia and is the main branch for for the Cairns area. The first floor is accessed via stairs or elevator and consists of 7 separate offices tenancies, which is currently leased to two tenants.

NET RENTAL: $528,833

EXPRESSIONS OF INTEREST CLOSES WEDNESDAY 6th MARCH 2024

*approx.

Property Highlights

Floor Area1,421 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Annual Return8%
AvailabilityTenanted
Property ID2019030525
Category
Last updated  18 Apr 2024
Map for 76 Lake Street Cairns City QLD 4870

Property Highlights

Floor Area1,421 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Annual Return8%
AvailabilityTenanted
Property ID2019030525
Category
Last updated  18 Apr 2024

Listed by

Danny Betros
Danny Betros
CBRE Pty Ltd
Call
0418 772 049

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