Tenanted investment located on Lyons Street just off coveted Mulgrave Road and opposite the ultra busy DFO shopping centre. Rezoned to Mixed Use, the original home has been remodeled to incorporate two separate commercial leases, still leaving adequate outside area plus a 5x9 metre shed with access from Earl Street. With leases in place you are already receiving a guaranteed income.
• Zoned: Mixed Use Zone Precinct 3
• Net lettable: 100sqm + 45sqm shed
• Land size: 405sqm*
• Frontage: to Lyons Street: 16.0m* to Earl Street: 25.2m*
Savvy buyers will see the potential to land bank with this Lyons Street strip ultimately transforming into a sought-after commercial precinct. Existing income offers immediate income with the opportunity for retail | office repositioning and on-site car parking.
A recent article published by Cairns Regional Council outlines the future of Cairns: "Cairns is growing - Cairns is a popular place to live and work, thanks to our special character - our Cairns-ness. In the past 30 years, our population has nearly doubled - growing from 89,000 residents in 1992 to more than 165,000 today - and it's predicted to reach up to 265,000 by 2050. That's 100,000 more than live her today."
Therefore, offering further proof these commercial areas will continue to be sought after. The property offers a strategic location for future development with two street frontages and holding income.
Please contact exclusive agent Susan Doubleday - Ray White Commercial Cairns