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CBRE - Cairns

Cnr Smithfield Village Drive & O'Brien Road Smithfield, QLD 4878

Sold

Cnr Smithfield Village Drive & O'Brien RoadSmithfield, QLD 4878

Shop & Retail
Sold Price

Contact Agent

Floor area

4520.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

30 Apr 2019

HIGH YIELDING RETAIL CONVENIENCE CENTRE

  • BETTER THAN 9% RETURN
  • JUST OVER 2 YEAR OLD
  • NEW BUILDING DEPRECIATION ALLOWANCE
**12 REASONS TO BUY**
1 .Prime corner position with easy access from all approaches
2. Huge 4,520m² site with 135m corner frontage
3. Just over two (2) years old
4. 14 secured tenancies of excellent variety from medical to
food
5. 1,335m² of Net Lettable Area divided from 45m²–174m²
6. 48 car parks on site plus ample on street parking
7. New building depreciation allowance
8. Opposite dual child care centres and a short walk to
Smithfield State High School and Holy Cross Primary School
9. High population growth suburb now approx. 65% developed
10. Located on the main thoroughfare through the estate
linking Trinity Park to McGregor Rd and Yorkeys Knob
11. Strong future business growth prospects as population
increases
12. True net income of $470,000 + GST

GENERAL CONSTRUCTION -
The property has been constructed as a single level “L” shape facing the main road frontages of Smithfield Village Drive & O’Brien Road
+ Painted rendered external concrete block walls
+ Steel framed awnings along all street front facades
+ A mixture of polished concrete, tiles and carpeted floors to
shop areas
+ Painted internal plasterboard walls with grid tiled ceilings
throughout
+ Powder coated aluminium framed shopfronts and fixed
glazing
+ Colorbond roofing & gutters
+ Recessed fluorescent lighting throughout
+ Ducted air-conditioning throughout each tenancy
+ Three sets of shared male/female toilets
+ Sink units in each tenancy
+ Secured refuse area and cleaners store room
+ Bitumen car parking & landscaping to council requirements
+ Power is supplied by private meters invoiced monthly to each
tenant

SMITHFIELD VILLAGE CATCHMENT
There are approximately 1300 lots in The Smithfield Village Estate to be developed of which 840 are complete (65%). It is expected that the remaining 460 lots will be completed within the next 6–8 years. In addition, a further 105 lots are to be
developed starting later this year at Johanna Road/Navigator Drive which will connect directly to Smithfield Village Drive only 5–10 minutes from the village shops. The balance of Bluewater Estate and Bluewater Harbour Estate also provides a further catchment of an additional 2,500 people.

Property ID: 503133154Last Updated: 13 Jun 2019

0418 *** ***
CBRE - Cairns
Cnr Smithfield Village Drive & O'Brien Road
Smithfield, QLD 4878
Danny Betros

CBRE - Cairns

1st Floor, Village Lane, 20 Lake Street
CAIRNS CITY, QLD 4870

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CBRE - Cairns

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CBRE - Cairns

1st Floor, Village Lane, 20 Lake Street
CAIRNS CITY, QLD 4870
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Danny Betros

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Danny Betros
CBRE - Cairns
Cnr Smithfield Village Drive & O'Brien Road Smithfield, QLD 4878

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

Kind Regards,

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