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.
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