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516 Mulgrave Road, Earlville, QLD, 4870

Properties / Buy / Queensland / Earlville

Tenanted Investment

1. Property Summary

Selling Method

Private Sale

Selling Details

CONTACT AGENT

Land Area

1,355 m² (*approx)

Floor Area

1473 m² (*approx)

Property Type

Retail, Offices, Child/Healthcare

Sub-type

Health Care & Medical, Office Suites, Mixed Use, Consulting Rooms

Est. Income

$507,221 p/a

Car Spaces

Show All

2. Property Highlights

VALUE ADD INVESTMENT OPPORTUNITY

Fully Leased Investment
Generous Car Parking
Huge Rental Upside

Ben Sands from RWC Gateway, as the exclusive selling agent is pleased to present to the market for sale 516 Mulgrave Road, Earlville. This rare offering boasts main road corner frontage presenting a lucrative prospect for discerning investors. A modern, three-level, freestanding, mixed-use building currently fully leased to long-term occupants. The property has excellent exposure being directly adjacent to the Earlville Shopping Town and situated on Mulgrave Road.

This is an incredible opportunity to acquire a freehold, multi-tenanted investment in the heart of one of the best commercial precincts in the Cairns region.

The key investment highlights:

• 1,473 sqm* of building area across 2 levels plus basement car parking and storage.

• 1,355 sqm* corner facing freehold site with dual street frontages to Mulgrave Road and Rowe Street.

• Diverse tenancy mix with Medical / Allied Health, Retail, Office, Consulting etc.

• Estimated Net Income: $507,220.82 P.A + GST.

• 39* on-site parking spaces

• Excellent exposure to 30,000* vehicles daily along Mulgrave Road

• Located directly opposite Earlville Shopping Town home to Woolworths, Coles, Target, Big W, Rebel Sport, JB Hi-Fi and 100+ specialty stores.

• Significant population growth forecast for Cairns underpinned by $1 billion of regional projects and a further $11* billion in the pipeline economic engine with a $14.2* Billion investment and development pipeline.

• Strategic location within a bustling professional services hub only 5km* to the Cairns CBD and 10km* to Cairns Airport by road.

516 Mulgrave Road, Earlville is being sold via private treaty.

Contact the exclusive selling agents at RWC Gateway to learn more about this exciting opportunity and to arrange your private inspections.

* Approx.

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