Watch Watch
Your home of Development Ready videos
Watch Watch
All Videos
Back
Sold Check
Back to results
Properties / Sold / Queensland / Cairns
Save
Share
Sold

111-115 Grafton Street, Cairns City, QLD, 4870

+21 Photos
/
Images
Close
111-115 Grafton Street, Cairns City, QLD, 4870
×
Sold Check
+23 Photos
111-115 Grafton Street, Cairns City, QLD, 4870

111-115 Grafton Street, Cairns City, QLD, 4870

Properties / Sold / Queensland / Cairns
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
5,136 m² (*approx)
Selling Method
For Sale: All offers Considered
Show All

2. Property Highlights

CAIRNS CBD OFFICE BUILDING REFURBISHMENT/POSSIBLE STRATA OR RESIDENTIAL CONVERSION PROJECT

  • MUST SELL SITUATION
  • ALL OFFERS CONSIDERED
  • POTENTIAL NET FUTRE INCOME OF $1.4M*

THE OFFERING

A prominent 5 level commercial office building with some ground floor retail having a total NLA of 5136m2 plus 54 undercover car parks. Perfectly positioned in the Cairns CBD this long-established property currently has the two largest floor plates for office space in Cairns available for lease.

The building is looking for a new owner to refurbish and take this prime location to the next level.

PROPERTY HIGHLIGHTS

  • Land area: 2,037m2*
  • The frontage to Grafton Street is approximately 40 metres
  • Zoning: Principal Centre Zone
  • Multiple development options available:
  • Major refurbishment and re-lease
  • Strata title and sell down
  • Possible conversion to residential uses
  • Currently 45% leased
  • Holding income of $670,000*
  • Potential net future income of $1.4m*

THE LOCATION

This is a central business district location supporting a mixture of retail buildings and accommodation providers within high density residential complexes. The Cairns Esplanade is 450 metres to the east and this area is heavily developed with retail, restaurants and accommodation catering to the tourist market.

* approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
5,136 m² (*approx)
Selling method
For Sale: All offers Considered

2. Property Highlights

CAIRNS CBD OFFICE BUILDING REFURBISHMENT/POSSIBLE STRATA OR RESIDENTIAL CONVERSION PROJECT

  • MUST SELL SITUATION
  • ALL OFFERS CONSIDERED
  • POTENTIAL NET FUTRE INCOME OF $1.4M*

THE OFFERING

A prominent 5 level commercial office building with some ground floor retail having a total NLA of 5136m2 plus 54 undercover car parks. Perfectly positioned in the Cairns CBD this long-established property currently has the two largest floor plates for office space in Cairns available for lease.

The building is looking for a new owner to refurbish and take this prime location to the next level.

PROPERTY HIGHLIGHTS

  • Land area: 2,037m2*
  • The frontage to Grafton Street is approximately 40 metres
  • Zoning: Principal Centre Zone
  • Multiple development options available:
  • Major refurbishment and re-lease
  • Strata title and sell down
  • Possible conversion to residential uses
  • Currently 45% leased
  • Holding income of $670,000*
  • Potential net future income of $1.4m*

THE LOCATION

This is a central business district location supporting a mixture of retail buildings and accommodation providers within high density residential complexes. The Cairns Esplanade is 450 metres to the east and this area is heavily developed with retail, restaurants and accommodation catering to the tourist market.

* approx.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

Download Development Site Report

3. Property Location

111-115 Grafton Street, Cairns City, QLD, 4870

Property Map
Street View

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report