Situated 2.9kms from the Cairns CBD, the property is well located in a highly sought after established commercial precinct. Sheridan Street is the major thoroughfare into the City, hosting in excess of 40,000 passing vehicles daily, and known as the Captain Cook Highway. The location offers enormous exposure to passing traffic both North and South bound.
Cairns Commercial Property are pleased to offer the opportunity to acquire this fully leased freehold commercial property. The property at 325 Sheridan Street is situated on 863m2 of land and occupies a high-profile location on busy Sheridan Street.
Improvements to the land comprise of a well maintained two storey office and residential complex with an NLA of 490m2, with concrete line marked hard stand parking areas at the front and the rear of the complex.
The property is positioned in a high demand area due to its accessibility and exposure to high levels of passing traffic.
The complex houses three commercial tenancies and two residential, two-bedroom apartments.
325 Sheridan Street represents a rare opportunity to secure a modern high-profile commercial property with substantial fit-outs in place, is fully leased and offers a strong income stream.
3 commercial tenancies
2 Residential tenancies
14 off-street carparks
Modern, well maintained property