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The iconic Cairns Esplanade, in Tropical North Queensland, Australia, is a major focal point for locals and visitors in Cairns city. It is a recreational area for people looking for a beautiful view during an early evening dinner, couples having an early morning jog, teenagers using the skateboard ramp, CBD workers resting on the grass for lunch, and countless more.
In 2021 the Cairns Regional Council spent $28 million on the Esplanade Dining Precinct to maximise the cities appeal.
CBRE Is please to present this rare offering on the most tightly held commercial strip.
Land Area: 400m²* + first floor balcony of 39m²*
Building Area:
• Ground Floor - 351m²*
• First Floor - 242m² + balcony of 39m²*
• Total - 575m²* net lettable area
TENANT DETAILS
Ground Floor:
• The Courtyard Bar and Restaurant
• Lease Term - 5 + years
• Lease commencement 29 September 2023
First Floor:
• Iyara Thai Restaurant
• Lease Term - 5 years (nil options remaining)
• Lease commencement: 01 July 2023
Total Net Rental: $247,790
Remember to mention you found this property on CommercialReady
The iconic Cairns Esplanade, in Tropical North Queensland, Australia, is a major focal point for locals and visitors in Cairns city. It is a recreational area for people looking for a beautiful view during an early evening dinner, couples having an early morning jog, teenagers using the skateboard ramp, CBD workers resting on the grass for lunch, and countless more.
In 2021 the Cairns Regional Council spent $28 million on the Esplanade Dining Precinct to maximise the cities appeal.
CBRE Is please to present this rare offering on the most tightly held commercial strip.
Land Area: 400m²* + first floor balcony of 39m²*
Building Area:
• Ground Floor - 351m²*
• First Floor - 242m² + balcony of 39m²*
• Total - 575m²* net lettable area
TENANT DETAILS
Ground Floor:
• The Courtyard Bar and Restaurant
• Lease Term - 5 + years
• Lease commencement 29 September 2023
First Floor:
• Iyara Thai Restaurant
• Lease Term - 5 years (nil options remaining)
• Lease commencement: 01 July 2023
Total Net Rental: $247,790
Remember to mention you found this property on CommercialReady
91 Esplanade, Cairns City, QLD, 4870
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
