FOR SALE
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2/99 Esplanade
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 426m2
Land area: 426m2
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Retail Investment with Upside in the Heart of Cairns

Ray White Metro North is thrilled to present this quality, well established & fully leased, multi-tenant medical / commercial investment with a prime CBD position on the corner of Aplin and Abbott Streets as part of the Trilogy mixed-use precinct in Cairns.
The Trilogy precinct comprises three high-rise towers, including a 4 Star Mantra Hotel, residential units and three street frontages of exciting food & service retail tenancies.
We are selling a ground floor retail lot being located in the southeast corner of the Trilogy Precinct.
Lot 2 of Trilogy comprises three ground floor shops:
• Mediterranean Themed Restaurant
• Up Market Beauty / Tattoo Studio - Montaj Movement
• High Quality Nails and Beauty Salon
Key Investment Attributes
_____________________________________________________
• Net Income: 184,000 approx
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Property Details for 2/99 Esplanade, Cairns City

Building Type
Commercial
Floor Size
426m2
Land Size
426m2

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About Cairns City 4870

The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.

Cairns City has 3,344 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
  • Houses have a median rent of $630 while Units have a median rent of $560.
There are currently 34 properties listed for sale, and 46 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

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Stephen Kidd
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Elliot Kidd
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Ray White Metro North
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