David Murphy is pleased to present 78-80 Anderson Street, Manunda, to the market for sale by Expressions of Interest. This exceptional property offers prominent corner frontage on a main road, making it an enticing opportunity for discerning investors. It comprises a modern, two-story, freestanding mixed-use building that is currently fully leased to a diverse and secure range of tenants. The property enjoys excellent exposure, being directly adjacent to Brothers Leagues Club and surrounded by well-known national brands such as Supercheap Auto, Early Settler, Tradelink, and Barbeques Galore, among others.
This is an incredible opportunity to acquire a freehold, multi-tenanted investment in the heart of one of the best commercial precincts in the Cairns region.
Key Investment Highlights:
• 1,476 sqm* of building area across 2 levels, plus ample onsite and kerbside parking
• 1,561 sqm* freehold site with corner frontage and three street frontages to Anderson, McLachlan, and MacDonnell Street
• Diverse tenancy mix with retail, professional offices, and Airbnb
• Estimated Net Income: $451,109 P.A. including GST
• 15+* on-site parking spaces
• Excellent exposure to 10,000* vehicles daily along Anderson Road
• Significant population growth forecast for Cairns, underpinned by $1 billion in regional projects and a further $11* billion in the economic pipeline, with a total investment and development pipeline of $14.2* billion
• Strategic location within a bustling retail and industry services hub, only 3.2 km* to the Cairns CBD and 5.4 km* to Cairns Airport by road
78-80 Anderson Street, Manunda, is being sold via Expressions of Interest, with all offers to be submitted on or before 5 pm Monday, 14 October 2024 (unless sold prior).
Contact David Murphy today for a full information memorandum or to arrange a private viewing.
