Auction: For sale commercial land in Cairns
Thu 06-Oct-11
Prime CBD Strategic Location
Freehold property at 23-25 Shields Street returns a combined income of more than $100,000 per annum from the two long-term tenants - UNiTAB Limited on the ground floor and Cope Family Law on the first floor.
Offering sought-after direct frontage to busy Shields Street and set on 145sqm of land, the freestanding double-storey building offers 138sqm (approx) lettable area on the ground floor and 130sqm (approx) on the first floor. The land carries a City Centre Commercial Zoning.
This property is centrally located on one of the busiest pedestrian strips in the CBD - the strip that connects the Cairns Esplanade with the Cairns Central Shopping Centre.
UNiTAB's seven year lease runs until November 2013 while the law firm's nine year lease runs until February 2013, with a further three year option.
Complementing the two tenancies are male and female amenities and kitchenettes on both levels, plus internal stairs to the first floor via a separate entrance area directly off Shields Street.
The property is an easy walk to all attractions of Cairns' inner-city, the property is surrounded by retail outlets, cafes, restaurants, hotels, cinemas,...show more
Agent: Jay Beattie
Phone: 0428 551 062