Cairns. Dominos Anchored Retail Complex. 100% Leased
Description
Auction 11am AEDT Tuesday 2 April 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney
Dominos Anchored Retail Complex. 100% Leased
High Profile Corner Opposite McDonalds
High Growth Catchment Only 5 km from Cairns CBD
Freehold retail complex
Dominos on Renewed Lease. Current lease term up to 2025, with option extending to 2030
Large and highly prominent 1,341 sqm corner site
Massive retail street frontage exceeding 100 metres
Excellent presentation and fully leased to 4 quality tenants
Building area of 551 sqm with 19 valuable car spaces on title
Close proximity to BWS, McDonalds, Australia Post, Liquorland and IGA
Material Change of Use (MCU) obtained to also allow for commercial and or medical use, offering great future flexibility
Cairns, current population of 240,000. Two-thirds of North Queensland’s estimated 70,000 increase will settle in the Cairns region
Net Income: $165,207 pa + GST (estimated as at May 2019)
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This property was sold as part of Portfolio 127