FOR SALE
FOR SALE - EXPRESSIONS OF INTEREST!

78-80 Anderson Street
Manunda QLD 4870

Bedrooms: 16
Bathrooms: 10
Car spaces: -
Floor area: 1561m2
Land area: 1561m2
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VERSATILE COMMERCIAL ASSET WITH SHORT TERM ACCOMODATION | NET INCOME: $400,000

David Murphy is pleased to present 78-80 Anderson Street, Manunda, to the market for sale by Expressions of Interest. This exceptional property offers prominent corner frontage on a main road, making it an enticing opportunity for discerning investors. It comprises a modern, two-story, freestanding mixed-use building that is currently fully leased to a diverse and secure range of tenants. The property enjoys excellent exposure, being directly adjacent to Brothers Leagues Club and surrounded by well-known national brands such as Supercheap Auto, Early Settler, Tradelink, and Barbeques Galore, among others.
This is an incredible opportunity to acquire a freehold, multi-tenanted investment in the heart of one of the best commercial precincts in the Cairns region.
Key Investment Highlights:
• 1,476 sqm* of building area across 2 levels, plus ample onsite and kerbside parking
• 1,561 sqm* freehold site with corner frontage and three street frontages to Anderson, McLachlan, and MacDonnell Street
• Diverse tenancy mix with retail, professional offices, and Airbnb
• Estimated Net Income: $451,109 P.A. including GST
• 15+* on-site parking spaces
• Excellent exposure to 10,000* vehicles daily along Anderson Road
• Significant population growth forecast for Cairns, underpinned by $1 billion in regional projects and a further $11* billion in the economic pipeline, with a total investment and development pipeline of $14.2* billion
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Property Details for 78-80 Anderson St, Manunda

78-80 Anderson St, Manunda is a 16 bedroom, 10 bathroom BlockOfUnits. The property has a land size of 1561m2 and floor size of 1561m2. The place is currently for sale with Ray White Cairns.

Building Type
BlockOfUnits
Floor Size
1561m2
Land Size
1561m2

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About Manunda 4870

The size of Manunda is approximately 4.2 square kilometres. It has 12 parks covering nearly 16.2% of total area. The population of Manunda in 2011 was 4,963 people. By 2016 the population was 5,400 showing a population growth of 8.8% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation. In 2011, 39.3% of the homes in Manunda were owner-occupied compared with 38.3% in 2016.

Manunda has 3,127 properties. Over the last 5 years, Houses in Manunda have seen a 58.48% increase in median value, while Units have seen a 90.45% increase. As at 30 November 2024:

  • The median value for Houses in Manunda is $548,297 while the median value for Units is $290,775.
  • Houses have a median rent of $500 while Units have a median rent of $385.
There are currently 28 properties listed for sale, and 4 properties listed for rent in Manunda on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Manunda.

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