69 McLeod Street, Cairns City, Qld 4870

Positioned just two blocks from Cairns Central Shopping Centre in the heart of the Cairns CBD, this substantial modern commercial premises offers diversity of income from 3 long-term tenants with a total gross income of $197,000pa +GST.

Set on a single level with excellent road exposure and laneway access to secure rear parking, the modern premises is split into 3 tenancies, each with secure leases in place and a long history of trading from this location.

A diversified tenancy base offers additional security and peace of mind, with the property split between an ASX-listed healthcare operator (dental surgery), a specialist dental laboratory and a long-standing bicycle sales and repair retailer, with almost 20 years operating from this location.

Maven Dental: $149,108.84pa + GST,  leased to 2030
Edge Cycleworks: $31,862.39pa + GST leased to 2028 plus 3-year option
Dental Lab: $16,581.82pa + GST leased to 2027 plus 1-year option
TOTAL : $197,552.95pa + GST. 
 
Ideally located near the intersections of McLeod, Sheridan and Florence Streets, the property fits within a well-established catchment of businesses and residential occupants, with excellent connectivity and street exposure. The 1,012m2* allotment has rear laneway access and additional secure, off-street parking in addition to a 2-car garage. 

Features:

- 1,012m2* CBD fringe freehold site
- 518m2* NLA across three tenancies
- Future repositioning or owner-occupier potential
- High exposure | 20m* McLeod Street frontage
- 4 on-site car parks + 2 car garage + ample on-street parking
- Proximity to Cairns CBD and key arterial roads.

69 McLeod Street, Cairns City is offered for sale by Expressions of Interest closing Thursday 29 October at 4pm.

For more information, contact the marketing agents.