194 Spence Street, BUNGALOW QLD, 4870
Expressions of Interest Invited
Stellar Returns Land for Future Development!
Positioned within Cairns’ surging city fringe precinct, this two storey commercial building with commanding double frontage of 17.8 metres* on Spence Street is offered to the market by Expressions of Interest.
The substantial land holding of 881m2* sits on a single title and features a solid construction with near new roof of 510m2*. It offers two fully furnished 3-bedroom units with laundry’s and two downstairs retail shops with kitchenettes and bathrooms. It also offers excellent rear access with 260m2* on-site parking and storage.
Currently returning $105,000* per annum, this property is positioned in a desirable location, only 2kms* from the Cairns Esplanade. It also has outstanding public transport options and a bus stop nearby and enormous future value (STCA).
> 881m2* Freehold Land
> 400m2* Floor Area
> 17.8m* Double Frontage on Spence Street
> 2 Upstairs Fully Furnished 3-bedroom Units with Laundry’s
> 2 Downstairs Retail Shops with Kitchenettes & Bathrooms
> Currently Returning $105,000* per annum
> 2kms* from the Cairns Esplanade
> 260m2* On-site Rear Parking & Storage
> Excellent Rear Access
> Enormous Future Value (STCA)
> Prime Investment Opportunity
This property represents a rare opportunity to invest in a location with above market returns together with significant future upside.
For more information, to arrange an inspection or to make an offer contact Stuart Carr or Jorian Cunliffe today!
Disclaimer: In preparing this information Go Commercial (Cairns) has used its best efforts to ensure that the information contained is true and accurate, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.
Additional Property Information
- Type: Offices