 Asset Class: | Retail |
 Price: | $ 610000 |
 Net Yield: | 7.30 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
Presenting a strong performing retail investment opportunity strategically positioned in the Cairns Central Business District. <br><br>The property comes with a 3-year lease with further 2 x 3 years options extending the lease to 2032 with an established nationally recognized tenant Happy Herb. The current lease also boasts investor friendly 4% annual increases. <br><br>Don't miss the chance to capitalise on this fantastic high-yielding entry-level opportunity to purchase a tenanted investment in a fully developing area with minimal option ever available. <br><br><br>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Cairns is the fifth most populous city in Queensland, with an estimated population of 175,000, and serves as a major commercial centre for Far North Queensland. <br><br>Cairns is a vibrant, relaxed tropical city, renowned as a premier tourist destination as well as a key hub for defense and various services. The main centre of Cairns is full of chic cafés, restaurants, bars, gift shops as well as a 4,800m² lagoon on the Esplanade. The Cairns Marina & Reef Fleet Terminal is only one block from the city centre and is the departure point for most Great Barrier Reef trips. <br><br>Over the past decade Cairns has become a services hub of Far North Queensland and is no longer a Tourism based economy, but a strong and diversified regional economy that supports new and existing industry, major investment in Health, Defence, Maritime, Education and various support industries that service the Cape up to Torres Straight and across to Weipa. <br><br>Cairns has seen tremendous growth in employment across all sectors. Underpinned by $1 billion* of regional projects and a further $11 billion* in the pipeline, Cairns is set to continue its transition into an innovative, global and prosperous centre with excellent access to regions within Australia and the rest of the world.
Additional Location Information File<span style="color:rgb(0, 29, 53);">Cairns Happy Herb Shop (Nationally recognized tenant)</span><br><span style="color:rgb(0, 29, 53);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://happyherb.co/pages/find-a-store/cairns-queensland"><u>Cairns, Queensland – Happy Herb Co</u></a><span></span>
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Additional Financial Information FileInitial Term:
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Agent's comments: The shop on either side both have been lease for the same rate in the past 12 months ($1000/sqm + GST)
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Highly sought after location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tenanted to experienced operators - 12 years of experience in the same business </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Prominent frontages with extensive signage</span></p></li></ul>
