Providing a perfect mix for investors
A DIVERSE mix of tenants and residents will allow plenty of peace of mind for the next owner of this “blue-chip” Kuranda site.
The property comprises three secure retail tenancies along with three residential apartments.
The three retail tenancies face Coondoo St and have the benefit of being highly visible to tourists.
The mix of tenants consists of a leading Kuranda cafe, an opal and jewellery retailer and a gift and tourist related retailer, all of which have secure leases in place.
Two of the three apartments are currently leased with the third apartment undergoing minor refurbishments.
“The diversity of tenants will certainly appeal to prospective buyers as the risk of having a single tenant is mitigated,” said selling agent Graeme Halsey of CBRE Cairns.
“The property will be per- fect for a self-managed super fund or a first-time investor looking for an easy to manage property with low risk and certain upside.”
The property is set on a 1012sq m block and has on-site parking at the rear.
“One of the residential tenants, who has just vacated has been a tenant at the property for 11 years, giving testament to the popularity and convenience of the location,” Mr Halsey said. “Overall the property presents in very good condition.
“It will certainly maintain its popularity with tenants, due to the lack of available retail space in the heart of Kuranda.”
The property is for sale by expressions of interest.