16 Minnie Street, Cairns City, Qld 4870

Knight Frank Cairns brings to market a well positioned, standalone office building situated at 16 Minnie Street, Cairns City. This property is an excellent opportunity for a business seeking to own its premises, with the added benefit of leasing part of the space. It also presents a great option for investors, with the potential to achieve over 8% net return through leasing.

The two level free standing commercial property is well located on the fringe of the CBD with excellent street parking and is situated in a mixed use area with retail, medical and professional offices.

*  Zoning: Mixed Use Precinct 1 - Commercial
*  Land Area: 510 sqm
*  Building Area: 466 sqm including mezzanine areas 
*  Currently divided into 5 tenancy areas all of which have substantial fitout already in place (areas can be combined)
*  Secure onsite covered parking for 8 vehicles accessed via automatic gates

Ground Floor
Suite 1: Area 60 sqm
Suite 2: Area 71 sqm
Suite 1 & 2: Currently leased to National Legal 
Lease term: Month to month
Rental: $45,803 pa + GST 

Suite 3: Area 45 sqm   
Vacant   

First Floor 
Suite 4: Area 88 sqm   
Vacant   

Suite 5: Area 202 sqm 
Vacant   

Current Outgoings $18,182.84 pa

Current Income $45,803 pa + GST Gross

Potential Net Income Fully Leased $120,620 pa + GST

Asking Price $1.425 million