172-174 Mulgrave Road Westcourt QLD 4870

Amazing long fresh lease with all outs paid for.

NET * NET *LEASE WITH ANNUAL LEASE RENT PAID UPFRONT & ANNUAL FIXED INCREASES

Situated on one of Cairns busiest major arterial roads and only 1.4km to Cairns CBD this high profile, modern showroom and office building is an opportunity that commands your attention.

The operator tenant is the largest franchise Builder of a public backed ASX company in Cairns with over 25 years in business.

Built as owner occupier standards of finish and flexibility this is now a multi tenanted integrated investment building

This prime corner site sits proud on a large inbound city ( 4 mins away ) block boasting on and off street car parking, rear access roller door and storage areas as well as a wide street frontage that is highly visible on one of Cairns major arterial roads.

Modern, functional and impressive this building asset has everything that you would expect to find for a premium multi purpose showroom and office space.

With a head lease underpinned by 4 other subtenants this cashflow offers steady and growing annual fixed increases and a net net return with outgoings 100% covered and mitigates risk with the multioccupancy and at the same time protected by one head lessee

With a history of 25 continuous profitable years trading and an impeccable new 2022 lease for 10+5+5 alongside , annual fixed ratchets and modern construction this asset offers a safe haven of cashflow for the next decade.

Along with multiple alternate uses, large onsite carpark ratio and a multiple of subtenants operating under the head lease the risk diversification with this property is sound

For a full IM and particular details please contact lead commercial agent James Fennell on 0477400800 or email james@upssold.com.au before this fresh cashflow gem is sold.