Lots 3 and 4/2-4 Redlynch Intake Road Redlynch QLD 4870
- Shop & Retail
- 73 - 74 m²
- For Sale, Contact Agent (under offer)
Income Today .... Upside Tomorrow
A great opportunity has emerged for investors looking to enter the commercial property market. This entry level investment is ideal for those looking to start a portfolio, or diversify an existing one.
Two units in a busy suburban shopping centre, are now offered for sale. One of 74 sqm and one of 73 sqm. Strata costs are very reasonable in the centre, and the shops are complimented by a real estate business, pool shop and medical centre. The property is located directly opposite the Red Beret Hotel and offers onsite parking for clients in a very well presented complex.
The southern tenancy is currently leased to a long term, well established Thai takeaway and restaurant.
The northern tenancy is currently vacant, and has a partial fitout for hair/beauty and associated businesses.
Redlynch Shopping Village is located on the western edge of Cairns and is a popular growth suburb characterised by up market homes, including lifestyle acreage and single dwelling families and townhouses.
* Long standing tenanted investment
* Total current income $27,710 pa + GST
* Outgoings per unit $11,000 approx (rates and body corp)
* Additional income from Lot 3 approx $26,000 pa + GST
* Busy shopping centre in established suburban village
* Ideal for investor/occupier
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 32 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.