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)
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