FOR SALE
$1,799,000

2/99 Esplanade
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 98m2
Land area: 98m2
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BLUE CHIP INVESTMENT ON TIGHT HELD COMMERCIAL STRIP

This exceptional commercial allotment is situated in a prime position on the bustling Cairns Esplanade, a highly sought-after location renowned for its vibrant dining and retail scene. The property is currently tenanted by national franchise "Hello Harry's," enhancing the attractiveness of what is already an astute investment.
Upside:
• High yielding investment opportunity secured by national tenant
• Tightly held esplanade dining precinct
• $28 million refurbishment of Cairns Esplanade
• 2 carparks on title
Lease breakdown:
• NLA: 98 m²
• Lease: 5 x 5 x 5
• Commencement Date: 15/11/2021
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Property Details for 2/99 Esplanade, Cairns City

Building Type
Commercial
Floor Size
98m2
Land Size
98m2

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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 3,347 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, 143 properties were sold in the past 12 months in Cairns city.

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Claudio Di Bartolomeo
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Ray White Cairns
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