SOLD
Sold on 04 Nov 2023 for $1,575,000

52 Shields Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 599m2
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Property Details for 52 Shields St, Cairns City

Building Type
Commercial
Land Size
599m2
Local Government
Cairns Regional
Lot/Plan
1/RP719928

Last Listing description (November 2023)

First Time Ever Offered!!

This strip retail investment is located on one of the busiest walking thoroughfares in Cairns, between the Esplanade/Lagoon and Cairns Central Shopping Centre. It offers 6 shops in one which are fully tenanted.


BUILDING AREA: 504m + exterior toilets

- 5 shops at 83m and 1 shop at 89m

SHOP IMPROVEMENTS:

- Each shop has a front retail or display area with rear storage of workroom area
- Each shop has their own toilet
- All have rear access
- Each shop is separately metered
- There is a grease trap at the rear for the take-away/restaurant

This investment opportunity suits Owner Occupiers or Investors

Current Net Passing Rental: $88,407 + GST per annum

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Property History for 52 Shields St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$1,575,000
04 Nov 2023
  • 04 Nov 2023
    Sold for $1,575,000
  • 31 Oct 2023
    Listed for Sale CAIRNS CITY STRIP RETAIL INVESTEMENT

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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 3,286 properties.

    There are currently 38 properties listed for sale, and 31 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Cairns city.

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