Westcourt QLD 4870
- 970 m²
- For Sale, CONTACT AGENT
Brand New 10 year Net net Lease to operator of 25 years
Amazing long fresh lease with all outs paid for.
DOUBLE NET LEASE WITH ANNUAL LEASE RENT PAID UPFRONT
Situated on one of Cairns busiest major arterial roads and only 1.4km to Cairns CBD this high profile, modern showroom and office building is an opportunity that commands your attention.
The operator tenant of over 5 years is the largest franchise of a public backed ASX company.
This prime corner site sits proud on a large inbound city ( 4 mins away ) block boasting on and off street car parking, rear access roller door and storage areas as well as a wide street frontage that is highly visible on one of Cairns major arterial roads.
Modern, functional and impressive this building asset has everything that you would expect to find for a premium multi purpose showroom and office space.
With a head lease underpinned by 4 other subtenants this cashflow offers steady and growing annual fixed increases and a net net return with outgoings 100% covered and mitigates risk with the multioccupancy and at the same time protected by one head lessee
With a history of 25 continuous profitable years trading and an impeccable new 2022 lease for 10+5+5 alongside , annual fixed ratchets and modern construction this asset offers a safe haven of cashflow for the next decade.
Along with multiple alternate uses, large onsite carpark ratio and a multiple of subtenants operating under the head lease the risk diversification with this property is sound
For a full IM and particular details please contact lead commercial agent James Fennell on 0477400800 or email firstname.lastname@example.org before this fresh cashflow gem is sold.