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117-117A Abbott Street
Cairns City QLD 4870
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Sold on 1 Sep 2022

117-117A Abbott Street Cairns City QLD 4870

  • Shop & Retail
  • 680 m²
  • Sold

CBD Multi Tenancy Investment Opportunity

Colliers Cairns offers for sale one of the most long held and prominent corner locations in Cairns City at 117 Abbott Street. Located on the thoroughfare between The Esplanade and Cairns Central shopping Centre the property is developed into 9 tenancies with the flexibility for redevelopment of tenancy mix and repositioning. Expressions of interest close Thursday 21 July at 4pm.

Positioned on the highly trafficked corner of Abbott and Shields Streets linking the lagoon and Cairns Esplanade with the city mall, this icon of the Cairns CBD retail landscape is offered for sale for the first time in decades.

The building, positioned on a 527m2* freehold parcel, is divided into 9 tenancies ranging in size from 38.5m2* to 240m2* providing an NLA of approximately 680.50m2*. Seven of the tenancies are street level retail, one back office /storage with one upstairs retailer.

The property is secured by high profile food service Crave tenancy with the balance tenancies on a month to month or vacant allowing for refurbishment and repositioning of the property.

Features:

-527m2* freehold
-Strategic corner on main thoroughfare
-Refurbishment or repositioning opportunity
- Passing income from existing tenancies

Considered a landmark opportunity, the property offers the rare chance to secure an unrivalled location with multiple tenancy options plus significant upside.

117 Abbott Street, Cairns is for sale by expressions of interest closing Thursday 21 July at 4pm. For more information or to inspect, contact the agent.

*approximately

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.

Colliers International Cairns
Colliers International Cairns
35 Lake Street
Cairns, QLD 4870

Property Highlights

Date Sold1 Sep 2022
Floor Area680 m²
Land Area527 m²
ParkingAsk Agent
Property ID2017884467
Category
Last updated  26 Sep 2022
Map for 117-117A Abbott Street Cairns City QLD 4870
Colliers International Cairns
Colliers International Cairns
35 Lake Street
Cairns, QLD 4870

Property Highlights

Date Sold1 Sep 2022
Floor Area680 m²
Land Area527 m²
ParkingAsk Agent
Property ID2017884467
Category
Last updated  26 Sep 2022

Listed by

Stacey Quaid
Stacey Quaid
Colliers International Cairns
Call
+61 418 773 258

More about 117-117A Abbott Street Cairns City QLD 4870

117-117a Abbott Street Cairns City QLD 4870 is categorized as Shop & Retail Property. It has a floor area of 680 m² and a land area of 527 m². The listing ID for this property is 2017884467.

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