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91 Esplanade, Cairns City, QLD, 4870

Properties / Buy / Queensland / Cairns City

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Land Area

400 m² (*approx)

Floor Area

575 m² (*approx)

Property Type

Retail

Est. Income

$247,790 p/a

Fully Leased

The Courtyard Bar and Restaurant and Iyara Thai Restaurant

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2. Property Highlights

A Rare Offering On The Most Tightly Held Commercial Strip

FULLY TENENTED INVESTMENT OPPORTUNITY
CAIRNS ESPLANADE DINING PRECINCT
HIGH PROFILE TWO-LEVEL BAR/RESTAURANT

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

Property Type

Retail

Est. Income

$247,790 p/a

Tenant

The Courtyard Bar and Restaurant and Iyara Thai Restaurant

Land Area

400 m² (*approx)

Floor Area

575 m² (*approx)

Selling Method

EOI

Selling Details

Contact Agent

2. Property Highlights

A Rare Offering On The Most Tightly Held Commercial Strip

FULLY TENENTED INVESTMENT OPPORTUNITY
CAIRNS ESPLANADE DINING PRECINCT
HIGH PROFILE TWO-LEVEL BAR/RESTAURANT

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 Cairns City

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CBRE - Cairns

First Floor, Village Lane 20 Lake Street Cairns, QLD 4870

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Danny Betros

+61 *** *** *** show +61 418 772 049

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

91 Esplanade, Cairns City, QLD, 4870