69 Abbott Street, CAIRNS CITY

OVER $740,000 INCOME P.A. GREAT NORTHERN HOTEL + 3 TENANCIES

Overview

Property Type

Hotel/Leisure

For Sale

For Sale By Formal Offer

Council Rates

11414 per quarter

Web ID

15P3054

Located in the absolute centre of Cairns CBD, this 1,025m2 Abbott Street fronting site is a rare commodity.

Retail outlets such as Louis Vuitton & Guuci are directly opposite. Woolworths, Reef Casino and Cairns Central just meters down the road.

LEASE 1 - Witchery. One of Australia's leading fashion retailers
Income - $99,999 P.A + Annual Reviews Till 2015

LEASE 2 - Global Money Exchange. Busy foreign exchange in the heart of the tourist district.
Income - $65,047 P.A + Annual Reviews Till 2012 + 6 Year Option

LEASE 3 - China Palace Restaurant. Authentic Chinese Cuisine is a favourite for locals and tourists alike.
Income - $250,080 P.A + Annual Reviews Till 2017

LEASE 4 - Great Northern Hotel. A Cairns Institution for over 30 years.
Income - $332,384 P.A + Annual Reviews Till 2017 + 10 Option

Contact Nicholas Slatyer on 0409 00 22 33 for further information.