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90-92 Lake Street
Cairns City QLD 4870
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90-92 Lake Street Cairns City QLD 4870

  • Shop & Retail
  • 961 m²
  • For Sale, Contact Agent

CAIRNS LANDMARK CBD CORNER - LAKE & SHIELDS STREET RETAIL OPPORTUNITY

  • Best Retail Corner in the Cairns CBD
  • 4 Retail Shops & First Floor Commercial
  • Refurbish or Reposition Opportunity

CBRE Cairns and Cairns Commercial Property as joint agents are pleased to present this outstanding opportunity to purchase the Mazlin Building, located at 90-92 Lake Street (corner Shields Street), Cairns City.

Arguably the best retail corner in the CBD, the Mazlin Building commands a huge presence to the streetscape of Shields and Lake Streets, with strong frontage to both. Rarely such corners become available for sale and this two-level retail/commercial opportunity is a true landmark position.

LOCATION:
The property occupies one of Cairns CBD's most prominent corners right in the centre of Cairns City and the heart of the retail and tourist precinct. Shields Street is the main pedestrian thoroughfare between Cairns Central Shopping Centre and the iconic Cairns Lagoon and Esplanade.

SITE AREA: 580m²

IMPROVEMENTS:

- Total lettable area of 961m²* spanning over two-levels.
- Ground floor lettable area is 543m²* which is configured into four (4) retail shops
- Level 1 has a lettable area is 418m²* which is configured into two (2) tenancies, together with a common area which includes separate individual amenities for all tenants as well as one storeroom and the main services cupboards for the building.

CURRENT PASSING INCOME: $131,517 approx.

THIS PROPERTY IS OFFERED FOR SALE BY EXPRESSIONS OF INTEREST
Closing Wednesday 24th July 2024 @ 5PM.

*areas are approximate only

Property Highlights

Floor Area961 m²
Land Area580 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019305632
Category
Last updated  13 Jun 2024
Map for 90-92 Lake Street Cairns City QLD 4870

Property Highlights

Floor Area961 m²
Land Area580 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019305632
Category
Last updated  13 Jun 2024

Listed by

Danny Betros
Danny Betros
CBRE Pty Ltd
Call
0418 772 049

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