Colliers Cairns offers for sale one of the most long held and prominent corner locations in Cairns City at 117 Abbott Street. Located on the thoroughfare between The Esplanade and Cairns Central shopping Centre the property is developed into 9 tenancies with the flexibility for redevelopment of tenancy mix and repositioning. Expressions of interest close Thursday 21 July at 4pm.
Positioned on the highly trafficked corner of Abbott and Shields Streets linking the lagoon and Cairns Esplanade with the city mall, this icon of the Cairns CBD retail landscape is offered for sale for the first time in decades.
The building, positioned on a 527m2* freehold parcel, is divided into 9 tenancies ranging in size from 38.5m2* to 240m2* providing an NLA of approximately 680.50m2*. Seven of the tenancies are street level retail, one back office /storage with one upstairs retailer.
The property is secured by high profile food service Crave tenancy with the balance tenancies on a month to month or vacant allowing for refurbishment and repositioning of the property.
Features:
-527m2* freehold
-Strategic corner on main thoroughfare
-Refurbishment or repositioning opportunity
- Passing income from existing tenancies
Considered a landmark opportunity, the property offers the rare chance to secure an unrivalled location with multiple tenancy options plus significant upside.
117 Abbott Street, Cairns is for sale by expressions of interest closing Thursday 21 July at 4pm. For more information or to inspect, contact the agent.
*approximately
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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.