BLUE CHIP INVESTMENT ON TIGHT HELD COMMERCIAL STRIP

This exceptional commercial allotment is situated in a prime position on the bustling Cairns Esplanade, a highly sought-after location renowned for its vibrant dining and retail scene. The property is currently tenanted by national franchise "Hello Harry's," enhancing the attractiveness of what is already an astute investment.

Upside:
*High yielding investment opportunity secured by national tenant
*Tightly held esplanade dining precinct
*$28 million refurbishment of Cairns Esplanade
*2 carparks on title

Key investment details:
*Price guide: $1.7 million-$1.8 million
*New annual rent: $130,000 plus GST and all outgoings
*Annual rent increases: 4%
*Lease term: 7 years, with two further 5-year options (7 + 5 + 5), potentially extending to 2043
*Estimated outgoings: $49,100 per annum (Payable by the tenant)
*The existing lease will be surrendered on 31 August
*The new lease will commence on 1 September
*Outgoings payments by the tenant will commence paying outgoings in November, following adjustments related to discounts under the previous lease

Astute investors have the opportunity to acquire a strategic asset that not only provides a steady income stream with uplift potential but also offers the added benefit of being a significant holding in a prominent location within the Cairns real estate market.

Information Memorandum available soon upon request.

Inspections

Explore the area

School catchments

St Monica's College Secondary 7-12 Catholic 0.33km
Mungalla Silver Lining School - Carins Temporary Facility Secondary Independent 0.34km
Mastery Schools Australia - Cairns Campus Combined Independent 0.47km
Cairns State High School Secondary 7-12 Government 0.90km
St Augustine's College Secondary 7-12 Catholic 1.2km
Indie School, Logan - Parramatta Park Campus Secondary Independent 1.3km
St Joseph's School Primary Prep-6 Catholic 1.4km
Parramatta State School Primary Prep-6 Government 1.6km
The BUSY School Secondary 11-12 Independent 2.0km
FNQ Vocational Academy Secondary Government 2.3km
Trinity Bay State High School Secondary 7-12 Government 2.7km
Cairns School of Distance Education Combined Prep-12 Government 2.8km
Mother of Good Counsel School Primary Prep-6 Catholic 3.0km
Cairns West State School Primary Prep-6 Government 3.6km
St Francis Xavier's School Primary Prep-6 Catholic 3.7km
Balaclava State School Primary Prep-6 Government 3.9km
Edge Hill State School Primary Prep-6 Government 3.9km
Our Lady Help of Christians School Primary Prep-6 Catholic 5.0km
Mooroobool Silver Lining School Secondary Independent 5.0km
Whitfield State School Primary Prep-6 Government 5.1km
Woree State School Primary Prep-6 Government 5.9km
Woree State High School Secondary 7-12 Government 5.9km
St Gerard Majella Primary School Primary Prep-6 Catholic 6.7km
St Mary's Catholic College Secondary 7-12 Catholic 6.9km
Trinity Anglican School Combined Prep-12 Independent 7.5km
Freshwater Christian College Combined Prep-12 Independent 7.7km

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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