Midas, 18 Water Street, Cairns City, Qld 4870

Burgess Rawson are pleased to offer to the market Midas & Trinity Auto Group located at 18 Water Street, Cairns City QLD for sale via Portfolio Auction 175.

The property has the following investment highlights:
 
+ Anchored by a brand new five (5) year lease to Midas to 2030 plus two (2) further five (5) year options to 2040
+ Midas: experienced local franchisee operating on-site since 25+ years with an established customer base and supported by Midas Group with 80+ stores nationally 
+ Supported by a three (3) year lease to Trinity Auto Group to 2026 plus two (2) further three (3) year options to 2032 
+ Trinity Auto Group (t/a Chery): part of Tony White Group, one of Australia’s largest privately owned automotive retailers, with 59 dealerships along the East Coast and 2,500 employees 
+ Tenants responsible for outgoings as per the leases
+ Favourable mix of annual reviews including fixed 3% rent increases (Midas) and CPI reviews (Trinity Auto Group)
+ Prime 1,020sqm* freehold CBD site with dual street access and favourable ‘Mixed Use’ zoning allowing for future development upside (STCA)
+ Versatile 802sqm* warehouse/showroom with two street frontage
+ Strategic location directly surrounded by complementary automotive retailers including Ford, Mercedes-Benz, Suzuki, Kia, Land Rover & MG
+ Located 100 metres* from Cairns Central Shopping Centre, anchored by Myer, Kmart, Target, Coles, Woolworths and Event Cinemas plus 170 speciality retailers 
+ Cairns: gateway to Australia’s Great Barrier Reef, economic output of $10.22 billion and Australia’s 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050*
+ Net Income: $184,541 pa* + GST (as at April 2025) 
 
For Sale via Investment Portfolio Auction 175
10:30am AEST Thursday 27 March 2025
The Hilton, Brisbane
 
Please contact the exclusively appointed team for more information.

*Approx.