Strata Title freehold opportunity 5 mins from Cairns CBD.
$3,000,000 at 6.16% ROI
An opportunity to purchase a strata title like this only comes along every 10-20 years so do not miss out on your opportunity to invest in a property that has produced for over 2 decades.
Returning the current owners over $185,000 net year on year this property has just had a new lease completed where the tenant has up to 30 years including the options.
Located within the Cairns City limits this opportunity and with the previous history should continue to be a great investment now and into the future.
• IGA anchor tenant
• IGA has been tenant for 20+ years
• New lease up to 30 years including options
• Enjoys strong community support
• Well-presented property with abundance of parking
• Current yearly rent $240,000 + GST
• 2.5% yearly increases
• 5yr market reviews
• Body corporate and insurance - $55,000
• Building size 900m2
• excellent opportunity for the savvy investor
This Strata Title Freehold at $3,000,000 return a tick over 6% return for the passive investor.
To find out more about this exciting opportunity, and further details on the property, please contact
M: 0422 671 375 T: 1300 366 521 E: firstname.lastname@example.org
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