The Conservatory Cairns, 9 Abbott Street & 12-14 Lake Street, Cairns City, QLD, 4870

Commercial and retail laneway in the heart of the CBD

Refurbishment Project Opportunity

Perfectly positioned commercial opportunity with multiple refurbishment/repositioning opportunities.

The existing building known as ‘The Conservatory’ was constructed in 1989. It comprises a ground and first level walkway linking Abbott and Lake Streets with office accommodation on the upper level with a central atrium linking the levels. The complex features attractive ‘tropical colonial’ Architectural style typical of the North Queensland region.

Property Description:

- Situated in a prime location within the Cairns CBD near the waterfront and central to cruise terminal, Convention Centre, reef terminal and all major hotels. The position of this property cannot be understated.

- Building has frontages to both Abbott and Lake Streets

- Property includes some retail and commercial space

- 35 tenancies over 2 levels

- Future development land parcel with code assessable capacity for 16 storeys

- Short-term leases to all existing retail and commercial tenants

- Currently 78% occupied @ average gross rental of $258/m²

The subject property comprises a two level semi-modern colonial style retail arcade development located within the Cairns CBD. The building has a total of 35 tenancy areas. The property provides a basic standard of commercial accommodation. The property is in need of extensive renovation and upgrade, hence the opportunity for the next owner.

For more detailed information regarding this listing, please contact the agent.

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