SOLD
Sold on 08 Mar 2024 for $197,500

2/21-25 Lake Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 47m2
Land area: 47m2
Save

Property Details for 2/21-25 Lake St, Cairns City

Building Type
Commercial
Floor Size
47m2
Land Size
47m2
Local Government
Cairns Regional
Lot/Plan
2/BUP70116

Last Listing description (October 2023)

New to the market and for the first time in 21 years, this well positioned retail property is now offered for sale.

Spanning two lots on the corner ground floor position on Lake Street, the property is fully fitted out to operate as a caf or coffee shop.


Located next to the Cairns Corporate Tower in the heart of the CBD, the property benefits from a very high level of pedestrian traffic.

Existing fitout includes commercial kitchen, cold room, commercial dishwasher, stainless bench tops and servery. The property is ideally suited to refurbish for office or retail use.

* 94 sqm
* Commercial kitchen in place
* Can be converted to office or retail
* Asking price $595,000

---------------------------------------------------------------------------------------------

Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 33 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.

Property History for 2/21-25 Lake St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$197,500
08 Mar 2024
Listed for Rent
$45k/w
18 Jul 2023
  • 08 Mar 2024
    Sold for $197,500
  • 05 Jul 2023
    Listed for Sale $595,000
  • 11 Apr 2023
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

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 3,345 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 45 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.

Suburb Insights for Cairns City 4870

Market Insights
Cairns City 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: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Cairns City 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: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.