135-139 Abbott Street, Cairns City, QLD, 4870

Knight Frank and Colliers Cairns as exclusive marketing agents are pleased to present 135-139 Abbott Street, Cairns North Queensland as a truly unique investment opportunity offered For Sale by Offers to Purchase closing Thursday 7 December 2023 at 4pm AEST.

135-139 Abbott Street, Cairns presents an exclusive high-quality investment with latent value add potential. Absolute prime Cairns CBD location opposite the Night Markets & one street from the Esplanade and underpinned by a growing occupier market. Limited CBD A grade premises available provides the property with strong tenant retention prospects.

135-139 Abbott Street, Cairns offers significant upside with a mix of retail and predominantly office space well suited to its environs. Combining a strong tenancy mix including RPS, Respax and Origin providing a fully let Net Income of $536,276 per annum*.

Key features of the property include:

- High Calibre regional covenants in Respax, RPS & Origin, showcasing a WALE of 2.67 years (by income).

- Situated on a large 1,101m2 site, prominently positioned on the highly exposed frontage of Abbott Street and within easy walking distance of key transport and retail amenities.

- Encompassing 1,916 sqm* of NLA over multiple levels, incorporating smart, highly specified office space suited to a single or multiple occupiers.

- Large, flexible and well lit floor plates providing expansive views and excellent natural light from all levels.

- Current 0 Star NABERS Energy rating, with opportunities to improve further in the short to medium term which augurs well for tenant retention prospects going forward.

- Two high traffic retail tenancies in BeWaxed and Victory Vape adding to building presentation.

Please contact the exclusive agents for access to the data room.

*approximately

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.

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