Share this property

realcommercial.com.au
RWC  - Queensland

259-261 McLeod Street Cairns North, QLD 4870

Directions

259-261 McLeod Street,
Cairns North, QLD 4870

Medical & Consulting • Offices

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Zoning

Tenure type

Sold on

RWC  - Queensland
Michael McCullagh

RWC - Queensland

Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
RWC  - Queensland
259-261 McLeod Street
Cairns North, QLD 4870

Map of 259-261 McLeod Street

Directions

Leased Investment with Potential Upside

Ray White Commercial are pleased to exclusively offer 259-261 McLeod Street, Cairns for Sale.

This is a prime opportunity to acquire a quality leased investment with a strong covenant. The property is well situated in close proximity to the Cairns CBD, airport and Cairns Hospital.

An Federation style Queensland residence which has been converted to commercial use and more recently as a respite centre. Completely renovated in circa 2014 it is well appointed with the ground floor reception, waiting room, administration office, full kitchen, with partitioned office area and open plan meeting room with unisex amenities set to the rear. The upper level presents five (5) bedrooms, treatment/storeroom, kitchen/laundry, lounge, activities area and unisex amenities. There is a three passenger elevator servicing both levels.

Highlights include:
- 262sqm* lettable area on a double block of 809sqm* land
- New lease to myHomecare until October 2025
- Net income $120,000 pa. + GST + Outgoings
- Surplus land for potential future development upside
- Mixed Use Precinct 3 - Residential zoning
- Being sold as a going concern (no GST applicable)

A new lease to myHomecare provides strong income until at least October 2025 while surplus land to the rear of the property creates a future development upside. This opportunity should not be missed.

*Approximately

Additional information

Property ID: 503772730Last Updated: 1 Jun 2021

RWC - Queensland
Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
RWC - Cairns
Suite 3 The Conservatory 12 Lake Street
CAIRNS CITY, QLD 4870
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

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.