172-174 Mulgrave Road,
Westcourt, QLD 4870
Showrooms & Large Format Retail • Shops & Retail
Price information
Sale
on application NEW price
Key property information
Land area
Floor area
Car spaces
Tenure type
Return
Private inspections
to arrange a private inspection.
Map of 172-174 Mulgrave Road
Train stations within 5 km of 172-174 Mulgrave Road, Westcourt, QLD 4870 Distance Cairns 1.2 km Portsmith Station 2.1 km POWERED BY HERE ©Bus stops within 5 km of 172-174 Mulgrave Road, Westcourt, QLD 4870 Distance Mulgrave Rd Near Buchan St 177 m Mulgrave Rd Near Collinson St 211 m Mulgrave Rd 218 m Aumuller St at O'Leary St 434 m Mulgrave Rd Near Creedy St 461 m POWERED BY HERE ©
POWERED BY HERE ©
Brand New 10 year Net net Lease to operator of 25 years standing
- Multi tenancy but one head lease
- modern building code
- multi functional and mutliple uese
Amazing long fresh lease with all outs paid for.
NET * NET *LEASE WITH ANNUAL LEASE RENT PAID UPFRONT & ANNUAL FIXED INCREASES
Situated on one of Cairns busiest major arterial roads and only 1.4km to Cairns CBD this high profile, modern showroom and office building is an opportunity that commands your attention.
The operator tenant is the largest franchise Builder of a public backed ASX company in Cairns with over 25 years in business.
Built as owner occupier standards of finish and flexibility this is now a multi tenanted integrated investment building
This prime corner site sits proud on a large inbound city ( 4 mins away ) block boasting on and off street car parking, rear access roller door and storage areas as well as a wide street frontage that is highly visible on one of Cairns major arterial roads.
Modern, functional and impressive this building asset has everything that you would expect to find for a premium multi purpose showroom and office space.
With a head lease underpinned by 4 other subtenants this cashflow offers steady and growing annual fixed increases and a net net return with outgoings 100% covered and mitigates risk with the multioccupancy and at the same time protected by one head lessee
With a history of 25 continuous profitable years trading and an impeccable new 2022 lease for 10+5+5 alongside , annual fixed ratchets and modern construction this asset offers a safe haven of cashflow for the next decade.
Along with multiple alternate uses, large onsite carpark ratio and a multiple of subtenants operating under the head lease the risk diversification with this property is sound
For a full IM and particular details please contact lead commercial agent James Fennell on 04774008... or email james@upssold.com.au before this fresh cashflow gem is sold.
NET * NET *LEASE WITH ANNUAL LEASE RENT PAID UPFRONT & ANNUAL FIXED INCREASES
Situated on one of Cairns busiest major arterial roads and only 1.4km to Cairns CBD this high profile, modern showroom and office building is an opportunity that commands your attention.
The operator tenant is the largest franchise Builder of a public backed ASX company in Cairns with over 25 years in business.
Built as owner occupier standards of finish and flexibility this is now a multi tenanted integrated investment building
This prime corner site sits proud on a large inbound city ( 4 mins away ) block boasting on and off street car parking, rear access roller door and storage areas as well as a wide street frontage that is highly visible on one of Cairns major arterial roads.
Modern, functional and impressive this building asset has everything that you would expect to find for a premium multi purpose showroom and office space.
With a head lease underpinned by 4 other subtenants this cashflow offers steady and growing annual fixed increases and a net net return with outgoings 100% covered and mitigates risk with the multioccupancy and at the same time protected by one head lessee
With a history of 25 continuous profitable years trading and an impeccable new 2022 lease for 10+5+5 alongside , annual fixed ratchets and modern construction this asset offers a safe haven of cashflow for the next decade.
Along with multiple alternate uses, large onsite carpark ratio and a multiple of subtenants operating under the head lease the risk diversification with this property is sound
For a full IM and particular details please contact lead commercial agent James Fennell on 04774008... or email james@upssold.com.au before this fresh cashflow gem is sold.
Explore property virtually
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504036927Last Updated: 19 Mar 2024
172-174 Mulgrave Road
Westcourt, QLD 4870
Unique Property Sales - Bungalow47 Moffat Street
CAIRNS NORTH, QLD 4870
CAIRNS NORTH, QLD 4870
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
39-43 Grafton Street,Cairns City, QLD 4870 1520 m²Showrooms & Large Format Retail • Other
CONTACT AGENT
131 Lake Street,Cairns City, QLD 4870 307 m²Shops & Retail • Offices • Showrooms & Large Format Retail
SOLD PRIOR TO AUCTION
13A Spence Street,Cairns City, QLD 4870 380 m²Shops & Retail • Offices • Showrooms & Large Format Retail