Sold

2/99 Esplanade Street,
Cairns City 4870, Queensland

5 car spaces
426m² land size
426m² building size
Retail

$2,600,000


Property details

Prime Multi-Tenant Medical & Commercial Investment - Cairns CBD

Ray White Metro North is proud to present this fully leased, multi-tenant retail and medical investment located in the heart of Cairns CBD. Situated on the prominent corner of Aplin and Abbott Streets within the Trilogy mixed-use precinct, the property offers secure income and long-term growth potential.

The Trilogy precinct comprises three high-rise towers, including the 4-Star Mantra Hotel, several hundred residential apartments, and a vibrant mix of food, service, and retail tenancies with three busy street frontages.

Lot 2 occupies a prime ground floor corner position and is fully leased to three established operators:

• Yo-Phoria - Frozen Yoghurt & Acai Bar
• Montaj Movement - Award-winning tattoo & beauty studio
• Tammy Nails Spa & Beauty - High-quality beauty and nail salon

Key Investment Attributes
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• Strong Income Security - Net income of approx. $169,000 p.a. with WALE of 4.0 years (as at March 2025).
• Prime CBD Position - Corner site exposure to 13,400+ vehicles per day, surrounded by hotels, retail, and tourism anchors.
• Established Tenant Mix - Three long-standing tenants with proven trading history in a flood-free location.
• Regional Growth Hub - Servicing a catchment population exceeding 175,000 residents with strong tourism inflows.
• Value Upside - Low average net rental rates provide excellent scope for future income growth.

A detailed Information Memorandum is available upon request.

Please contact: Stephen Kidd - 0413 550 474


Key Search words
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cairns retail investment, Queensland commercial property, CB D corner retail, cairns medical retail, passive income asset, Queensland tourism precinct, long term leased property, mixed use retail cairns, regional QLD investment, multi tenant asset

Explore the area


School catchments

  • Mastery Schools Australia - Cairns Campus Combined Independent 0.47km
  • St Joseph's School Primary Prep-6 Catholic 1.4km
  • Parramatta State School Primary Prep-6 Government 1.6km
  • Cairns School of Distance Education Combined Prep-12 Government 2.8km
  • Mother of Good Counsel School Primary Prep-6 Catholic 3.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


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