Retail

Colliers Cairns offers for sale the retail investment opportunity located at shops 1 & 2, 11 Coondoo Street, Kuranda. The properties are being offered to the market for sale for the listed price of $450,000.

The picturesque village of Kuranda is located 30 minutes* drive north-west of Cairns via the Kuranda Range. A popular tourist destination, Kuranda is well-known for its lush rainforest and cultural attractions and for the hundreds of thousands of visitors the village attracts each year.

This well positioned commercial property comprises two adjoining strata tenancies held over two titles with a combined area of 910m2*. The shops offer a combined NLA of 483m2* with the balance space being made up of open and terraced gardens. The shops have direct frontage onto the busy Coondoo Street offering dominant exposure to the heavy pedestrian traffic moving between the Kuranda scenic rail station and the various tourist attractions.

Ideally positioned amongst a variety of restaurants, cafes, and retail outlets, both shops are currently leased with varying lease agreements in place offering a rental return of approximately $65,720pa. Shop 1 is leased to a long-placed souvenir tenancy who has been operating out of the same premises for decades. The shop comprises open retail space, a small rear storeroom and amenities held over 83m2*. Shop 2 is leased to a fashion, gifts and homewares shop who has a dedicated clientele. The shop comprises a substantial 400m2 open plan retail space and amenities which leads through to an open deck area leading down to the rear terraced gardens.

Features:

•Substantial 910m2* on title with 483m2 NLA
•Two adjoining strata's plus courtyard and open garden space
•Holding income from existing tenancies
•Direct frontage onto Coondoo Street
•Dominant exposure to heavy foot traffic
•High signage opportunities
•Positioning in the heart of Kuranda between major touri...