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Sold on 19 Jan 2022

70 Russell Street Edge Hill QLD 4870

  • Offices
  • 465 m²
  • Sold

Dive into This Quality Tenanted Investment

    Colliers Cairns are pleased to offer for sale this mixed use investment opportunity with a twist. Located at 70 Russell Street, Edge Hill QLD 4870, the property is for sale with offers over $700,000 invited.

    Standing above the rest, 70 Russell Street offers a unique mixed use investment opportunity. Incorporating a combination of professional offices, residential space and aquatic facilities, the property has been operating as a long-standing swim school for many years offering investors an exclusive opportunity to grow their portfolio. This successful business offers a long-term tenancy agreement presenting the new owners with 7+ years of future rental security.

    Ideally positioned for the current tenant, the property is directly across from the Edge Hill State School and less than 100m* from the Edge Hill Early Learning Centre. The property's location is first class with the Collins Avenue commercial strip a short 500m* away.

    C-Me Swim school has operated from this location for over 35 years. From humble beginnings, this home based business has grown into a local institution, specialising in teaching children the necessary swimming skills from 6 weeks old to squad level. During this time, the family home has evolved to cater for the growing needs of the business, while retaining the original character and bones of the dwelling.

    The property itself offers ground level office space, reception/foyer area, bathroom amenities, waiting room plus the sizable 7.5 x 10.75m* covered below ground pool. The pool is bounded by ample undercover space representing change room and storage facilities. The second level comprises the residential component of the property. Incorporating open plan kitchen/living/dining space, 3 bedrooms and a bathroom, the upstairs area opens onto an outdoor patio area overlooking the back of the property.

    Features:

    -Tenanted investment with 7+ years rental security
    -Established and successful business in place
    -Ideal positioning - proximity to schools and commercial strip
    -Substantially sized covered pool
    -Separate upstairs residential component to the property
    -Upstairs and downstairs bathroom amenities
    -Sizeable surrounding catchment area

    The unique and exciting mixed use investment opportunity located at 70 Russell Street, Edge Hill is for sale with offers invited over $700,000.

    For more information, contact Jay Beattie on 0428 551 062.

    *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.a

    Colliers International Cairns
    Colliers International Cairns

    Property Highlights

    Date Sold19 Jan 2022
    Floor Area465 m²
    Land Area708 m²
    Parking1 x Onsite parking
    Property ID2017521212
    Category
    Last updated  28 Feb 2022
    Map for 70 Russell Street Edge Hill QLD 4870
    Colliers International Cairns
    Colliers International Cairns

    Property Highlights

    Date Sold19 Jan 2022
    Floor Area465 m²
    Land Area708 m²
    Parking1 x Onsite parking
    Property ID2017521212
    Category
    Last updated  28 Feb 2022
    35 Lake Street Cairns QLD 4870
    Colliers International Cairns
    Colliers International Cairns
    Colliers International Cairns
    Colliers International Cairns

    Colliers International Cairns

    07 4 *** ***
    07 4031 3443

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