3/11 Coondoo Street Kuranda QLD 4881

3/11 Coondoo Street, Kuranda offers a bite-sized retail investment with excellent street presence, a long established tenant and the ability to either continue as-is or owner occupy to house your own business.

Spanning 69m2 in a small strata of just 3 lots, the property is currently fit out as a fashion boutique and is the home of Sandra Viden Design. The current lease is month to month, paying $2,405.17 per month, exclusive of outgoings ($28,886.04 per annum). The tenant tells us she would be happy to sign a new lease, alternatively vacant possession is available with notice.

While the property is under a community title scheme, as it involves just one other owner there is no formal body corporate in place and costs are limited to insurance over the building, shared.

Outgoings:
Rates - $1750 per half year (approx.)
Insurance - $1,991.41 per year (for full building, owner pays a share)
Electricity & water - tenant pays

Kuranda offers a unique village atmosphere just 30 minutes from the Cairns CBD and 15 minutes from Smithfield Shopping Centre. Renowned for its tourist attractions including the Kuranda Markets, Historic Steam Train, Skyrail Cableway and Barron Falls, the village is also within a half hour drive of the main Tablelands hub of Mareeba and the greater tablelands. Rarely does an opportunity arise to secure a well positioned tenancy in the heart of town, with the flexibility of continuing a tenancy or taking ownership for yourself.

For more information, contact Tom Quaid or Patsy Bucknor at Colliers Cairns.