21-23 Grafton Street, Cairns City, QLD 4870

Offices

Sold $27,000,003,000,000

  • Property ID: 430772
  • Floor Area: 1018m²
  • Land Area: 1018m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 03/10/2023 1018m2 1018m2 N/A
CBD Commercial Star Attraction

Colliers Cairns are pleased to offer for sale the iconic, freestanding two level commercial building located at 21-23 Grafton Street, Cairns City QLD. The property is being offered to the market for sale by expressions of interest closing Thursday 8 June at 4pm.

Positioned along one of Cairns' inner-city thoroughfares, 21-23 Grafton Street is ideally located in the CBD. The two-storey commercial building is currently anchored by high profile tenancy Star 102.7 and Radio 4CAa occupying part of level one, with the balance of the property offered with vacant possession.

The two level offering comprises a substantial 1,018m2* freehold with a net lettable area of approximately 966m2*. Currently divided into three tenancies, the ground floor space comprises a 297m2* tenancy including storage and archive space. Level 1 offers two tenancies with common staff/visitor bathroom amenities positioned towards the centre of the floor. Tenancy 1 on level 1 includes 315m2* towards the front of the building and tenancy 2 spans 354m2* towards the rear.

Located in close proximity to the Cairns Corporate Tower and the Convention Centre and adjacent to the planned CQ University Campus, the Grafton Street property would be suitable for a broad range of commercial use with options for owner-occupation or tenancy of the two vacant areas.

Features:

• Holding income with existing high profile tenant
• Ground floor and second level tenancy options
• Freestanding building on 1,018m2* freehold parcel
• NLA of approximately 966m2 across three tenancies
• Existing staff and visitor amenities
• Modern lift and electronic entry doors installed
• Multi-level onsite undercover parking with 25 carspaces
• Versatile, multipurpose building
• Prominent positioning and high exposure to passing traffic

21-23 Grafton Street, Cairns City QLD is being offered to the market for sale by expression of interest closing Thursday 8 June at 4pm.

For more information, 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.

Cairns City Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $9634 $411 4.26%
Offices $3105 $402 12.95%
This is the average advertised price, rent and yield for Cairns City, QLD 4870*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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