Prominent Mulgrave Road position, 481 Mulgrave Road is situated directly beside Stockland Shopping Centre with a building area of 235 sqm and land area of 622 sqm. The single level standalone office complex with secure rear parking is currently tenanted by Strategix Training Group, and is available to purchase for $790,000.
* Land area 622 sqm, frontage to Mulgrave Road 14 metres
* Total building area 245 sqm
* Improvements include 3 large training rooms plus a smaller training room, large reception area, separate well appointed kitchen, male and female amenities including disabled toilet
* Double entry glass doors with disabled compliant entry
* 6 covered car bays at the rear via secure gates
* Currently leased to Strategix Training Group
* Lease term 2 years + 2 year option, commenced 1 February 2019
* Current rental $65,000 per annum + GST
* Outgoings paid by tenant (per annum): Council Rates $6,710.16 and Building Insurance $2,464.33
* Asking price $790,000 - Net return 8.2%
Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 30 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.
