Directly beside Woolworths – Only CBA in Cairns CBD

76 Lake Street, Cairns City QLD

Property Highlights

70% of income secured by CBA
Significant depreciation benefits
CBA on-site 30+ Years
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Description

Long Seven (7) year lease to CBA plus options to August 2034.
CBA: #1 ASX listed company with a current market cap of $171.05 billion (as at May 2021).
The only CBA branch in Cairns CBD – On-site 30+ Years.
Secure leases to corporate tenants including CBA & Opteon Property Group.
Commanding 1,421sqm two level retail/office building.
Significant tax depreciation benefits with $649,000 in capital works since 2011.
Rare 1,012sqm inner CBD site with 20 metre frontage to Lake Street – high foot traffic location.
Situated in heart of Cairns CBD directly beside Woolworths and amongst Zambrero, Kathmandu and all major banks.
Cairns: Australia’s 5th largest regional city with rapidly growing population of 168,449.
Estimated Net Rent: $554,181pa + GST (as at August 2021).

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Bank
Land Size
1,012 SQM
Building Area
1,421 SQM

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