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Shops 1&2, 25 Coondoo Street Kuranda, QLD 4881

Sold

Shops 1&2, 25 Coondoo Street Kuranda, QLD 4881

Shop & Retail
Sold Price

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Floor area

60.0m²

Sold on

20 Dec 2018

High Traffic Retail Stores

  • Fronting busy Coondoo Street
  • $15,000 net income
  • 2 retail shops combined as one
Ideally positioned in the heart of the beautiful village of Kuranda on the North Queensland Tablelands, this tenanted retail investment is well positioned with direct frontage on busy Coondoo Street, with dominant exposure to the heavy pedestrian traffic moving between the Kuranda scenic rail station and the various tourist attractions.

The established tenant relocated from an inferior tenancy within the same building into this prime position earlier this year; the property is now offered for sale with lease security through to May 2022, with a further 2 year option term renewal.

Providing net in the hand income of $15,000 (tenant pays for all outgoings) increased annually by 3%, this bite size investment represents an affordable commercial investment generally returning a stronger rate of return than conventional residential investments in the same price bracket.

Kuranda is located approximately 30 minutes’ drive North West of Cairns CBD and within similar distance to the township of Mareeba on the Atherton tablelands. Kuranda is predominantly a tourism village situated at the top of the range and is well known for its rainforest and cultural attractions. Kuranda is surrounded by World Heritage rainforest and is famed for its historic Scenic Railway access, as well as the world fames Skyrail Rainforest Cableway over World Heritage listed Rainforests. Historic buildings from the villages’ past, now house a variety of up-market restaurants, cafes, shops and markets with their exotically handcrafted goods and Aboriginal artefacts. The village is primarily a day destination with many first-class nature-based tourist attractions, which include koalas, butterflies, native and exotic birds, kangaroos and reptiles.

The township predominantly operates between the hours of 9am and 3pm to service the bulk of the day trippers which arrive from Cairns by either train, Skyrail Cableway, bus tours or independent transport.

Features include:

• Fronting busy Coondoo Street
• $15,000 net income
• 3% fixed rental increases annual
• 2 retail shops combined as one
• 60sqm* total area
• Tenant pays all outgoings

Contact the marketing agent for more information on this leased retail investment.

*approx

Colliers International - 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 International is Australia’s own global real estate success story.

Property ID: 502963818Last Updated: 20 Dec 2018

0428 *** ***
Shops 1&2, 25 Coondoo Street
Kuranda, QLD 4881

Agency contacts

Colliers International - Cairns

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Colliers International - Cairns

35 Lake Street
CAIRNS CITY, QLD 4870
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Jay Beattie
Colliers International - Cairns
Shops 1&2, 25 Coondoo Street Kuranda, QLD 4881

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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