102 Cook StreetPortsmith QLD 4870
Property Details for 102 Cook St, Portsmith
Last Listing description (December 2022)
+ Secure 18-year net lease 2034 plus 4 x 10-year options to 2074
+ Currently undergoing a major tenant funded rebrand to Caltex Australia
+ Chevron Corporation (NYSE: CVX): Major global energy company, with a market cap of $439 Billion USD and over 360 sites nationally**
+ Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ Landmark 6,032 sqm* freehold site with 140 metres* of combined dual frontage to Aumuller Street and Cook Street
+ Conveniently situated within 2km of the Lendlease-owned Cairns Central Shopping Centre, anchored by Coles, Woolworths, Myer and Kmart, complemented by over 150 specialty stores 8.27 million annual customer visits generating $428.8 million in sales***
+ Prime location 3km* from Cairns CBD and within the pre-eminent industrial precinct, home to Bunnings Warehouse, PFD Food Services, Boral, Star Track and BOC
+ Surrounded by important social infrastructure including Cairns Railway Station, Cairns Private Hospital and 8 schools within 3km servicing 10,058 full-time students**
+ Cairns: gateway to Australia's Great Barrier Reef and Australia's 5th largest regional city with a rapidly growing population of over 168,000****
+ Estimated net rent: $465,680 pa*(as of 1 January 2023)
To be sold by Expressions of Interest (EOI) closing 4pm Wednesday 9 November
To be sold individually or in-one-line with 13 other freehold convenience retail investments also available
Contact Burgess Rawson sales team for more details
For Asian Investment services, please contact Zomart He on 0488 220 830 or zhe@burgessrawson.com.au
**Chevron
***Lendlease
****Forecast.id
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 102 Cook St, Portsmith, QLD 4870
- 11 Nov 2024Sold for $6,615,000
- 07 Oct 2022Listed for Sale Price on Request
- 16 Dec 2016Sold for $71,180,000
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0About Portsmith 4870
The size of Portsmith is approximately 15.6 square kilometres. It has 2 parks. The population of Portsmith in 2011 was 236 people. By 2016 the population was 248 showing a population growth of 5.1% in the area during that time. The predominant age group in Portsmith is 20-29 years. Households in Portsmith are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Portsmith work in a trades occupation. In 2011, 58.8% of the homes in Portsmith were owner-occupied compared with 60% in 2016..
Portsmith has 551 properties. Over the last 5 years, Houses in Portsmith have seen a 62.18% increase in median value, while Units have seen a -19.00% decrease. As at 30 November 2024:
- The median value for Houses in Portsmith is $533,153 while the median value for Units is $390,857.
- Units have a median rent of $0.
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