The Grounds Cairns, 117-125 Toogood Road, Cairns, QLD, 4868

MUST BE SOLD!

The Grounds Cairns offers a unique opportunity to acquire a significant 1.714ha parcel of land in suburban Cairns.

Currently operating as a thriving sporting hub, the property has six long-standing tenants including an onsite restaurant and bar. The Caravella Football Academy operates the state-of-the-art artificial turf field.

The property is for sale by Expressions of Interest closing Thursday 8 August 2024.

Property Highlights

• Huge 1.714ha property with two street frontages

• Building area of 1,321m² with six tenancies

• Strong holding net income of $105,000pa* + GST

• Significant exposure to busy Toogood Road

• Multi-tenanted sports and recreation hub

• Sporting grounds include FIFA quality artificial turf field, additional playing fields and bowling green

• Tenants include six long-term local businesses

• Located in key growth corridor close to local amenities, schools and medical facilities

• Less than 1km from Bruce Highway and 6km from Cairns CBD

• Potential for future rezoning and redevelopment STCA.

The property offers significant upside opportunities including:

• Revitalisation of current fields and bowling green to attract new tenants

• Utilisation of unused land for additional income stream

• Potential rezoning and redevelopment STCA.

For further information contact the Exclusive Agent Sarah Broad on 0475 944 322.

*approx buased on current leases and reported outgoings.

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