Lots 20 & 21/25-31 Grafton Street Cairns City QLD 4870

* Level 1 office suite with an area of 100 sqm
* Very well positioned strata complex in Grafton Street in the centre of Cairns business precinct. Close to the law courts and the Cairns Corporate Tower makes this location a solid investment
* Currently leased to United Workers Union who have been in place for approx 10 years
* Lease term 4 years which commenced January 2021 with a rental of $28,600 pa + GST
* Outgoings per annum: Body corporate - $6,090.48 plus GST
Rates & water - $2,894.04 GST n/a
* Purchase price $275,000 - net return 7.2% approximately

Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 30 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.