DON’T MISS THIS OPPORTUNITY TO OWN ONE OF CAIRNS FINEST BUILDINGS, OCCUPY PART OR INVEST IN THE FUTURE GROWTH OF THIS DYNAMIC AREA.
Cairns Commercial Property is pleased to offer for sale Maritime House 18 Abbott Street, Cairns City, by formal offer closing 5th April 2019.
The property is superbly located in the heart of the CBD in what is dubbed “the five star shopping and hotel precinct” and boasts DFS Australia, Louis Vuitton and Tommy Bahama as its adjoining neighbours. The area is also the focus of a major upgrade by the Council transforming three heritage listed buildings on Abbott Street into a dynamic world class gallery precinct.
Improvements to the land area of 505 square metres includes a 681m2 two level building of timeless distinction. The property offers a new 5 year lease over the ground floor to DFS Australia which consists of major national brands namely Bvlgari and Coach. The tenant is about to embark on a multi-million dollar refurbishment of the area. Part of the first floor of the building is leased to AAPT. The balance of the first floor is vacant and comprises of both retail and office space.
Maritime House was erected in 1886, ten years after Cairns was founded in 1876. This building was the Far North Queensland headquarters of the pioneering shipping line, Howard Smith Limited. Howard Smith Limited played an important role in industry and trade in Far North Queensland. The company prospered and invested in coal mining and sugar cane growing.
In 2002 the building was redesigned to allow entry from the adjoining DFS building. Automatic fire safety doors were installed at each opening. These doors provide separation from the buildings if a fire were to start in the DFS building. The lease includes a make good clause outlining the tenant’s responsibility to reinstate and make good the building to its original stand alone status.
The building has housed, in order of residence, the Honourable Keith De Lacey, Queensland Marine and General Insurance and Down Town Duty Free. Prior to DFS Australia, Louis Vuitton occupied the building for more than 5 years and while in residence reached number one store in Australia. The property has rarely been vacant and has always attracted distinguished tenants due to its timeless architectural presence.
For Sale,by Formal Offer, closing 5th April 2019
Enquiries to Laura Ots
07 4051 5944
0418 456 589
Own one of Cairns finest buildings, in a dynamic developing Art Precinct alongside DFS, Louis Vuitton & others