David Murphy is pleased to present 78-80 Anderson Street, Manunda, to the market for sale by Expressions of Interest. This exceptional property offers prominent corner frontage on a main road, making it an enticing opportunity for discerning investors. It comprises a modern, two-story, freestanding mixed-use building that is currently fully leased to a diverse and secure range of tenants. The property enjoys excellent exposure, being directly adjacent to Brothers Leagues Club and surrounded by well-known national brands such as Supercheap Auto, Early Settler, Tradelink, and Barbeques Galore, among others.
This is an incredible opportunity to acquire a freehold, multi-tenanted investment in the heart of one of the best commercial precincts in the Cairns region.
Key Investment Highlights:
• 1,476 sqm* of building area across 2 levels, plus ample onsite and kerbside parking
• 1,561 sqm* freehold site with corner frontage and three street frontages to Anderson, McLachlan, and MacDonnell Street
• Diverse tenancy mix with retail, professional offices, and Airbnb
• Estimated Net Income: $451,109 P.A. including GST
• 15+* on-site parking spaces
• Excellent exposure to 10,000* vehicles daily along Anderson Road
• Significant population growth forecast for Cairns, underpinned by $1 billion in regional projects and a further $11* billion in the economic pipeline, with a total investment and development pipeline of $14.2* billion
• Strategic location within a bustling retail and industry services hub, only 3.2 km* to the Cairns CBD and 5.4 km* to Cairns Airport by road
78-80 Anderson Street, Manunda, is being sold via Expressions of Interest, with all offers to be submitted on or before 5 pm Monday, 14 October 2024 (unless sold prior).
Contact David Murphy today for a full information memorandum or to arrange a private viewing.
**Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.
