100% Leased
10 year lease to SPAR Supermarket
Attractive 7 Year WALE
Affordable freehold retail complex featuring four retail tenancies and three warehouses with attractive 7 year WALE.
Brand new 10 year lease to SPAR Supermarket plus options through to 2041 which represents 68% of the income.
SPAR Supermarket: 13,500 supermarkets across 48 countries and employing over 350,000 staff.
Everyday service tenants include District Coffee Shop, Richard's Takeaway and Hairdressers Unite providing an excellent mix of daily retail needs.
Attractive annual CPI increases to all tenancies.
Modern and well presenting 1,131sqm* building incorporating four retail tenancies and three warehouses.
A strategic and generous 3,255sqm* site with super exposure to Holloways Beach Access Road and 40+ on-grade carparks.
Holloways Beach: A short 10 minute drive from the Cairns CBD, famous for its pristine coastline and beaches.
Cairns: Gateway to Australia's Great Barrier Reef, economic output of $10.25 billion and Australia's 5th largest regional city with a rapidly growing population of 168,449 people.
Estimated Net Income: $256,725* pa + GST.
* approx.
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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 32 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.
