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Location:

259-261 , McLeod Street, CAIRNS NORTH, QLD

Price:

Expressions of Interest - Closing 7 April

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Leased Investment With Potential Upside

Type: FOR SALE

Property Features
  • Category : Offices, Medical/Consulting
  • Land Area: 809 Square Metres
  • Building Area: 262 Square Metres
  • Tenancy: Tenanted

Property Description

Ray White Commercial are pleased to exclusively offer 259-261 McLeod Street, Cairns for sale via Expressions of Interest closing Wednesday 7 April at 4pm (AEST).

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 property creates a future development upside. This opportunity should not be missed.

*Approximately

Property Agent

Advert Id:90965

Name: Michael McCullagh

Phone: (07) 3 ****

Ray White Commercial Queensland
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