Retail

Cairns Home Improvement Centre

131-145 Draper Street Portsmith, QLD Australia 4870
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Attributes

Year Built 2000
Building Area Gross
Call for Offers 2022-05-01

Asset Description

JLL Retail Investments are pleased to offer for sale the 100% freehold interest in Cairns Home Improvement Centre (CHIC), a Large Format Retail Centre of pure convenience situated in Queensland’s north.

Investment Highlights

  • 92% of gross income underpinned by national LFR tenants
  • Secure income stream via 3.2-year WALE (area)*
  • Exposure to North Queensland’s most vibrant LFR hub adjacent to Bunnings Warehouse, State Government and complementary retail offerings
  • Pure convenience centre with efficient at-grade design, facilitated by 373 car bays^
  • Expansive 2.12ha site zoned ‘Mixed-Use’ bordering Cairns’
  • CBD underpins future land value
  • Prominent corner site provides 365m of direct arterial exposure
  • Fully Leased Net Income of $1,873,735*

For Sale via Expressions of Interested closing Thursday 24th March at 4:00pm (AEST)

Last Updated Date: 20 Jun 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 20 Jun 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.