CBRE is pleased to present this unique investment and redevelopment opportunity to the market:
ADDRESS: 66-99 & 101-115 Brinsmead Road, Brinsmead, Cairns, QLD 4870
The two sites are on the Cairns Western Arterial Highway which carries a high volume of traffic. Mobil Brinsmead is a long established service station outlet and retail convenience centre. It is the only outbound location with direct highway access on and off for maximum convenience.
LOCATION: The property has brilliant exposure from all traffic directions. The site is the first and only commercially accessible site at the entry to the major residential areas of Brinsmead Valley, Brinsmead Glen, Redlynch Valley and onto Lake Placid and Caravonica. The area has a growing population of approx. 30,000 people.
The Mobil Brinsmead service/retail centre is fully tenanted and offers a net return of approx. $500,000 p.a.
The opportunity exists for the next owner to build a fully approved, new fuel outlet and expanded retail and fast-food drive-thru development on the adjoining 4.9hectare site, with dedicated slip lane access onto and off the site (as preferred and agreed by Department of Transport and Main Roads), at some stage in the near future.
This new development will remain the only destination with direct access, unrivalled exposure and convenience with the ability to cater for a wide range of commercial users, all part of a new state of the art fuel outlet, with tenancies suitable for retail, offices, showrooms, medical and allied health services, gyms etc.