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Sold on 15 Dec 2020

205 Buchan Street Bungalow QLD 4870

  • Offices
  • 340 m²
  • Sold

Mixed use Queenslander - invest or occupy

    Colliers Cairns Pty Ltd is pleased to offer for sale the freestanding converted Queenslander located at 205 Buchan Street, Bungalow, QLD.

    This is a fantastic opportunity to secure a well-positioned mixed-use commercial property which benefits from convenient access onto Mulgrave Road. Located adjacent to the Cairns Showground shopping centre precinct, this modified two-level Queenslander style building has been professionally refurbished to provide commercial offices accommodation across the ground floor, and a residence across the upper floor.

    Strategically positioned on the city fringe, the commercial aspect of the property benefits from an easily accessible address with car parking options for customers along with the advantage of business exposure to the high level of passing vehicle traffic.

    While this property will continue to provide investors with a relatively uncomplicated and stable income stream, there exists a small window of opportunity for owner occupiers to secure the property with the owner's ability to provide vacant possession.

    Spread over a total land area of 759m2* the ground floor commercial provides for net lettable area of 150m2* with 6 allocated off street carparks. This modern office environment has been tenanted for the past 7 years, with the lessee expressing intent to enter another term.

    The upper level residence is configured for 3-bedrooms and 2-bathrooms, featuring both front and rear enclosed decked areas with two allocated covered carparks. The residence has been leased for $380 per week, becoming vacant in the first week of October before a re-leasing campaign commences.

    205 Buchan Street, Bungalow is offered for sale with a listed price of $645,000 (+ GST if sold with a request for vacant possession).

    Call to arrange an inspection today.

    Features:

    - Convenient city fringe location
    - Substantial improvements
    - Ground floor office accommodation
    - First floor residential accommodation
    - 9 designated under cover car parks - including one accessible space

    For more information, contact Jay Beattie of Colliers Cairns.

    *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.

    Property Highlights

    Property ID2016523602
    Date Sold15 Dec 2020
    Floor Area340 m²
    Land Area759 m²
    Parking9 x Onsite parkings
    Category
    Last updated  16 Mar 2021
    Map for 205 Buchan Street Bungalow QLD 4870
    Map for 205 Buchan Street Bungalow QLD 4870205 Buchan Street Bungalow QLD 4870
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

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    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Property Highlights

    Property ID2016523602
    Date Sold15 Dec 2020
    Floor Area340 m²
    Land Area759 m²
    Parking9 x Onsite parkings
    Category
    Last updated  16 Mar 2021
    Colliers International Cairns
    35 Lake Street Cairns QLD 4870

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