Colliers Cairns is pleased to offer to the market the fully occupied city office building, located at 59 McLeod Street Cairns.
Offered with the security of fresh leases, benefiting from two street frontages, the building itself is positioned to the forward boundary of McLeod Street, just north of the intersection of Florence Street on the fringe of the Cairns Business District, with rear access via the Water Street frontage providing access to the 39 secure off street covered car parks.
The building itself comprises 4 commercial strata allotments and adjoining common property; while held through different related entities, the commercial building is offered as a single transaction in one line. While this ownership structure serves benefit to the seller, an incoming purchaser may see greater efficiencies and/or savings in the amalgamation of the four lots into a single title, post settlement.
This fully leased city office building is offered for sale by private treaty.
-All leases less than 12 months new
-Passing income of $345,585 Feb 2020
-Land area 2,024m2*
-Two street frontages
-39 onsite carparks
-Front & rear elevators
-Extensively refurbished over the past 2 years
For more information or to arrange an inspection, please contact the marketing agent.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.