Superbly positioned on a very high profile corner on Sheridan Street, a main road in the CBD forming part of the Captain Cook Highway linking traffic to the North side of Cairns, this commercial freehold is fully leased and provides a rare opportunity to secure a prominent corner investment property with strong passing income.
Improvements to the land area of 520m2, zoned Business or Centre Precinct 1 comprise of a two-storey office building of 852m2 with secure semi basement car park. Features include full glass frontages, large signage facias, Port Cochere entry and extensive upmarket office fit-outs in all tenancies. A disability toilet is to be constructed on the ground floor and approvals are in place to further upgrade the building in the future to enable lift access to the first floor.
The property houses four tenants, Travis Schultz Lawyers, who occupy an area on the ground floor and half of the first floor on a new 5 year Lease, Burke Shire Council, Cryo Cairns and FK Gardner and Sons.
The sale represents a rare opportunity to secure a high-profile commercial office building fully leased to quality tenants.
• Prominent CBD corner
• Freehold Property
• Fully Leased
• Extensive existing up market office fit-outs in place
• Fully secure semi-basement tenant car park