$5.95M SALE PRICE WITH 8.9% NET YIELD TENANTED INVESTMENT OPPORTUNITY
76 Lake Street, Cairns City QLD 4870
$5,950,000
RetailSize: n/a
Block size: 1017 m² approx.
ADDRESS: 76 Lake Street, Cairns City
Home of The Commonwealth Retail and Commercial Bank For Over 30 Years
LOCATION: The property is located in the absolute heart of the Cairns CBD on Lake Street. It is within 500m of The Cairns Night Markets, The Reef Hotel Casino, Cairns Central Shopping Centre, Reef Fleet Terminal, Cruise Liner Terminal, all major 4 and 5-star hotels and the Cairns Convention Centre.
LAND AREA: 1,012m²
BUILDING AREA: 1421m²
- Ground Floor (CBA) - 797m²
- First Floor (7 Offices) - 624m²
FRONTAGE: 20m to Lake Street
The offering is a two level freehold building with retail on the ground floor and office space on the first floor. The ground floor is leased to the Commonwealth Bank of Australia and is the main branch for for the Cairns area. The first floor is accessed via stairs or elevator and consists of 7 separate offices tenancies, which is currently leased to two tenants.
NET RENTAL: $528,833
EXPRESSIONS OF INTEREST CLOSES WEDNESDAY 6th MARCH 2024
*approx.
Home of The Commonwealth Retail and Commercial Bank For Over 30 Years
LOCATION: The property is located in the absolute heart of the Cairns CBD on Lake Street. It is within 500m of The Cairns Night Markets, The Reef Hotel Casino, Cairns Central Shopping Centre, Reef Fleet Terminal, Cruise Liner Terminal, all major 4 and 5-star hotels and the Cairns Convention Centre.
LAND AREA: 1,012m²
BUILDING AREA: 1421m²
- Ground Floor (CBA) - 797m²
- First Floor (7 Offices) - 624m²
FRONTAGE: 20m to Lake Street
The offering is a two level freehold building with retail on the ground floor and office space on the first floor. The ground floor is leased to the Commonwealth Bank of Australia and is the main branch for for the Cairns area. The first floor is accessed via stairs or elevator and consists of 7 separate offices tenancies, which is currently leased to two tenants.
NET RENTAL: $528,833
EXPRESSIONS OF INTEREST CLOSES WEDNESDAY 6th MARCH 2024
*approx.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Danny Betros to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
1017 m²*
Other Details
Legal description:
426/C1981
Maps and area information
Block information
Block size: 1017m² (approx)
Legal description: 426/C1981
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
03 Aug 2020
Sold
CBRE Pty Ltd
Listed: 09/03/2020
Transfer type: Full transfer
Cairns City suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
44 years
Population
3,616
Listing ID: 182272309. This listing has been viewed 4 times. It was first displayed on 05/02/2024 and last updated on 13/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.