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76 Lake Street, Cairns City, QLD, 4870

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76 Lake Street, Cairns City, QLD, 4870

76 Lake Street, Cairns City, QLD, 4870

Properties / Sold / Queensland / Cairns City
Tenanted Investment

1. Property Summary

Selling Method
Expression of Interest
Selling Details
Contact Agent
Land Area
1,012 m² (*approx)
Floor Area
1421 m² (*approx)
Property Type
Offices, Child/Healthcare, Retail
Terms
Leased until Aug 2027 + options to 2033
Est. Income
$528,833 p/a
Fully Leased
Commonwealth Bank
Show All

2. Property Highlights

$5.95M SALE PRICE WITH 8.9% NET YIELD TENANTED INVESTMENT OPPORTUNITY
  • THE COMMONWEALTH BANK BUILDING
  • RIGHT IN THE HEART OF THE CAIRNS CBD
  • LEASED UNTIL AUG 2027 + OPTIONS TO 2033

ADDRESS: 76 Lake Street, Cairns City

Home of The Commonwealth Retail and Commercial Bank For Over 30 Years

LOCATION: The property is located in the absolute heart of the Cairns CBD on Lake Street. It is within 500m of The Cairns Night Markets, The Reef Hotel Casino, Cairns Central Shopping Centre, Reef Fleet Terminal, Cruise Liner Terminal, all major 4 and 5-star hotels and the Cairns Convention Centre.

LAND AREA: 1,012m²

BUILDING AREA: 1421m²

- Ground Floor (CBA) - 797m²

- First Floor (7 Offices) - 624m²

FRONTAGE: 20m to Lake Street

The offering is a two level freehold building with retail on the ground floor and office space on the first floor. The ground floor is leased to the Commonwealth Bank of Australia and is the main branch for for the Cairns area. The first floor is accessed via stairs or elevator and consists of 7 separate offices tenancies, which is currently leased to two tenants.

NET RENTAL: $528,833

EXPRESSIONS OF INTEREST CLOSES WEDNESDAY 6th MARCH 2024

*approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Offices, Child/Healthcare, Retail
Est. Income
$528,833 p/a
Tenant
Commonwealth Bank
Terms
Leased until Aug 2027 + options to 2033
Land Area
1,012 m² (*approx)
Floor Area
1421 m² (*approx)
Selling Method
Expression of Interest
Selling Details
Contact Agent

2. Property Highlights

$5.95M SALE PRICE WITH 8.9% NET YIELD TENANTED INVESTMENT OPPORTUNITY
  • THE COMMONWEALTH BANK BUILDING
  • RIGHT IN THE HEART OF THE CAIRNS CBD
  • LEASED UNTIL AUG 2027 + OPTIONS TO 2033

ADDRESS: 76 Lake Street, Cairns City

Home of The Commonwealth Retail and Commercial Bank For Over 30 Years

LOCATION: The property is located in the absolute heart of the Cairns CBD on Lake Street. It is within 500m of The Cairns Night Markets, The Reef Hotel Casino, Cairns Central Shopping Centre, Reef Fleet Terminal, Cruise Liner Terminal, all major 4 and 5-star hotels and the Cairns Convention Centre.

LAND AREA: 1,012m²

BUILDING AREA: 1421m²

- Ground Floor (CBA) - 797m²

- First Floor (7 Offices) - 624m²

FRONTAGE: 20m to Lake Street

The offering is a two level freehold building with retail on the ground floor and office space on the first floor. The ground floor is leased to the Commonwealth Bank of Australia and is the main branch for for the Cairns area. The first floor is accessed via stairs or elevator and consists of 7 separate offices tenancies, which is currently leased to two tenants.

NET RENTAL: $528,833

EXPRESSIONS OF INTEREST CLOSES WEDNESDAY 6th MARCH 2024

*approx.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Danny Betros
Danny Betros
+61 *** *** *** show +61 418 772 049

Download Development Site Report
Danny Betros
Danny Betros
+61 *** *** *** show +61 418 772 049

3. Property Location

76 Lake Street, Cairns City, QLD, 4870

Property Map
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76 Lake Street, Cairns City, QLD, 4870 Cairns City
CBRE - Cairns
CBRE - Cairns
First Floor, Village Lane 20 Lake Street Cairns, QLD 4870
View Agency Profile
Danny Betros
Danny Betros
+61 *** *** *** show +61 418 772 049
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