1-2/29-31 Hardy Street Mount Sheridan QLD 4868

Burgess Rawson is pleased to offer to the market 1-2/29-31 Hardy Road, Mount Sheridan (Cairns) QLD 4868 for sale via Burgess Rawson Portfolio Auction 177.

This opportunity has the following key investment highlights:

+ Anchored by a five (5) year net lease to Friendly Grocer to May 2027 plus three (3) further five (5) year options to 2042
+ Friendly Grocer: operating for over 60 years in Australia & with 300 stores in QLD, NSW, ACT & VIC, and trading on-site for 20+ years
+ Supported by a three (3) year net lease to Hardy Road Fish & Chips to May 2027 plus one (1) further three (3) year option to 2030
+ Hardy Road Fish & Chips: renowned local operator with a large and loyal customer base, operating successfully on-site since 2021
+ Landlord-favourable net lease structures, with the tenants paying all usual outgoings
+ Desirable annual CPI reviews
+ Modern and well-presented 341sqm* building across two retail tenancies and complimented by the strong trade of the adjoining Liquorland
+ Perfectly positioned in a thriving residential growth corridor, capturing 27,182 residents* within a 3km* radius and benefiting from direct access to the Bruce Highway (exposure to 35,000+ vehicles passing daily)*
+ Strategically located 1,159sqm* corner parent site with a combined 89m* of dual street frontage to Hardy Road & Malabar Street, ensuring exceptional visibility & accessibility
+ Cairns: gateway to Australia's Great Barrier Reef, economic output of $10.22 billion and Australia's 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050*
+ Net Income: $70,536 pa* + GST

For Sale via Investment Portfolio Auction 177
10.30am AEST Thursday 26 June 2025
The Westin, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.