For Expressions of interest | Hotel, Medical/Consulting rooms, Motel | 169 Grafton Street, Cairns City QLD 4870 | Offers Over $1,500,000 (FIRM)

THIS EXCEPTIONAL PROPERTY IS LESS THAN 500M TO CAIRNS ESPLANADE

This substantial building in a highly sought after location would make a worthwhile addition to your property portfolio . Offering the astute buyer a rare opportunity to buy and hold an income producing property with great future potential. This sizeable block and tile building is on a prime site located within the city fringe and is less than 500m from Cairns Esplanade. All units are currently rented out on permanent tenancies and are returning $2,115 per week. Within easy access of Cairns high school, Cairns medical precinct and the tourist accommodation strip the property is ideally positioned to appeal to a multitude of income streams. The well-proportioned building to land ratio enables ease of access with 10 car parking spaces, refuse area and Gardens. Both the 1 & 2 bedroom units are spacious with plenty of storage, high ceilings and natural light.

- 1,011 SQM BLOCK. APPROX 656 SQM UNDER ROOF

- FREEHOLD - 4 x 2 BED 1 BATH & 4 X 1 BED 1 BATH

- ZONED TOURIST & ACCOMMODATION

- CURRENTLY TENANTED ON STRONG LEASES, INCOME EARNING $2,115 PER WEEK

- LESS THAN 500M TO CAIRNS ESPLANADE

- CLOSE TO ALL MEDICAL FACILITIES, CAIRNS HIGH SCHOOL, ST MONICAS CATHEDRAL, WALK TO CAIRNS CBD

This property is proudly listed by:

First National Real Estate Cairns Central Suite 1, 155 Mulgrave Road
Cairns QLD 4870

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Additional information

Property Type Hotel, Medical/Consulting rooms, Motel
Property ID 41117110108
Street Address 169 Grafton Street
Suburb Cairns City
Postcode 4870
Price Offers Over $1,500,000 (FIRM)
Land Area 1,011 sqm (approx)
Building Area 656 sqm (approx)
Date Available Now