Once-in-a-decade retail
A RARE tenancy in a soughtafter industrial retail location is up for grabs, thanks to the departure of a national chain from Bungalow.
The showroom on 29 Hannam Street has frontage on to Scott Street and was kept in immaculate shape by the previous tenants Hilti Australia.
The commercial tool company has left its prime tenancy already fitted out with polished floors and interior spotlighting.
“The fit-out would have been reasonably expensive, Hilti kept it in great condition with rich, polished floors in the showroom,” Bill Millett of CBRE Cairns said.
“Once you are able to get hold of a location like this you don’t want to let it go,
“Hilti was there for a long time, at least 10 years.”
The distinctive bright red Hilti branding has been repainted white, ready for new tenants.
The once-in-a-decade opportunity is in one of the most desired Scott Street corner positions and is exposed to excellent traffic flow, thanks to the neighbouring businesses, including car yards, hardware and industrial fittings retailers.
“It is the epicentre of Scott Street,” Mr Millett said.
“There are a number of businesses around it, there is a great mix.”
The location allows for plenty of sign-writing to all street sides of the building.
The building is 248sq m with the recently upgraded showroom taking up 85sq m of this area.
“It has a nicely finished showroom with high polished concrete floors.
“The refurbishment was only recently carried out,” Mr Millett said.
Other features include heavy-vehicle roller-door access and a ClearSpan warehouse.
“There is great access to the warehouse from the side street, which is a plus.” Mr Millett said.
“There is no better position for a business looking for a high-profile retail warehouse,
“Any industrial retail would suit that area, anyone selling industrial wares with the need for a retail frontage.”
The warehouse area encompasses 163sq m and the showroom is airconditioned.
The first year’s rent is $53,560 plus GST, with outgoings estimated at $22 per square metre.
The tenancy also includes an individual office.