90-92 Lake Street Cairns City QLD 4870

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 at 5PM.

*areas are approximate only