Capitalise at Smithfield
IN one of the fastest growing parts of Cairns, this commercial property offers the chance to hold a freehold title and add your own personal stamp to an impressive building.
Colliers International Cairns agent Jay Beattie said the partially completed property at 5 Mount Koolmoon St, Smithfield, was for sale by expression of interest 4pm on October 31.
“This substantial freehold building is well-positioned within the established business and trade centre of the Cairns northern beaches and comprises a modern multi-level commercial showroom and office complex developed to lockup stage,” he said.
“The surrounding area is predominantly single-level, high-clearance warehouse or closing two-storey walk-up commercial buildings, with very limited undeveloped sections remaining.
“It is rare that a building with such great potential and dominance comes onto the market, not to mention the strategic commercial location.”
Building ceased on the property after the developer faced financial difficulties and no work has been done for some time.
But the mortgagee is now in control and the process towards an “orderly sale” of the asset has commenced.
The building is constructed using tilt slab and blockwork and has been “substantially completed to lockup stage”.
“The lift-well is installed with the lift itself on site ready for installation,” Mr Beattie said.
“The current configuration allows for the building to be easily adapted to a variety and/ or combination of uses, including office, services, retail or bulky goods, subject to suitable approvals.
“The property is offered for sale with development and building approvals, allowing any incoming buyer to complete the fitout to their own requirement.
“The property offers capable buyers the unique and rare opportunity to capitalise on the extensive value retained in land and current improvements to deliver an exceptional building which will dominate the landscape.”
A new two-way overpass in Smithfield will allow motorists heading north or south to avoid the suburb’s notoriously congested roundabout. For more information or to arrange inspections, contact Mr Beattie or Stacey Quaid on 0428 551 062 or 0418 773 258.