FOR SALE
Sale Price Unavailable

1/12-20 Toogood Road
Woree QLD 4868

Bedrooms: -
Bathrooms: -
Car spaces: -
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Long Term Tenanted Investment

Colliers Cairns offers for sale this retail investment property located within the Woree Business Centre in suburban Cairns City. The property is offered for immediate sale at the listed price of $2.85M.
Offered with an existing long-term supermarket tenancy, the subject property presents an opportunity for investors to secure a proven tenant in a substantial building, located within an established suburban location.
The IGA supermarket business has been successfully operating out of the same building for 29 plus years and shares its location with Liqourland, QML Pathology, Southcare Medical and Woree Business Plaza. The current lease which commenced in July 2021 provides rental security till 2031 with an additional four, 5-year options.
Current income is set at a gross rental of $246,000 per annum + GST with fixed increases of 2.5% annually and review to market provisions.
Features:
-Long term IGA supermarket tenant
-Part of a well-located suburban centre with ample convenient parking
-Recently commenced 10-year lease with options
-Passing gross income of $246,000pa + GST with fixed 2.5% annual increase
-High traffic, proven location
See More

Property Details for 1/12-20 Toogood Rd, Woree

Building Type
Commercial

Commute Calculator

About Woree 4868

The size of Woree is approximately 5.8 square kilometres. It has 10 parks covering nearly 27.5% of total area. The population of Woree in 2011 was 4,826 people. By 2016 the population was 4,822 showing a population decline of 0.1% in the area during that time. The predominant age group in Woree is 20-29 years. Households in Woree are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Woree work in a trades occupation. In 2011, 44% of the homes in Woree were owner-occupied compared with 42.8% in 2016.

Woree has 2,886 properties. Over the last 5 years, Houses in Woree have seen a 58.08% increase in median value, while Units have seen a 85.22% increase. As at 31 August 2024:

  • The median value for Houses in Woree is $499,989 while the median value for Units is $241,541.
  • Houses have a median rent of $515 while Units have a median rent of $370.
There are currently 14 properties listed for sale, and 12 properties listed for rent in Woree on OnTheHouse. According to CoreLogic's data, 119 properties were sold in the past 12 months in Woree.

Woree Profile Page

Suburb Insights for Woree 4868

Visit Woree profile page
Market Insights
Woree Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Woree Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Woree profile page
Contact agent
Stacey Quaid
Show contact details
Call agent
Colliers International (Cairns)
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED