2/99 Esplanade Cairns City QLD 4870

This exceptional commercial allotment is situated in a prime position on the bustling Cairns Esplanade, a highly sought-after location renowned for its vibrant dining and retail scene. The property is currently tenanted by national franchise "Hello Harry's," enhancing the attractiveness of what is already an astute investment.

Upside:
• High yielding investment opportunity secured by national tenant
• Tightly held esplanade dining precinct
• $28 million refurbishment of Cairns Esplanade
• 2 carparks on title

Lease breakdown:
• NLA: 98 m²
• Lease: 5 x 5 x 5
• Commencement Date: 15/11/2021
• Expiry Date: 15/11/2031
• Annual Review: CPI
• Market Review: 15/11/2026
• Gross Rent: $140,000 + GST (inclusive of outgoings)

Astute investors have the opportunity to acquire a strategic asset that not only provides a steady income stream with uplift potential but also offers the added benefit of being a significant holding in a prominent location within the Cairns real estate market.

Information Memorandum available upon request. Expressions of Interest - Closing 24th September @ 12:00 PM.