Cairns

Project Description

The property was developed by BBC Hardware Limited in 2001, purchased by the Trust in February 2003, and subsequently underwent a store upgrade in 2007. The property, bounded by Fearnley and Spence Streets and Plath Close, is located in an established industrial area two kilometres south of the main business district. The site has 182 metres frontage to Fearnley Street, 80 metres frontage to Spence Street, and 94 metres frontage to Plath Close. The land was re-zoned to 'Mixed-Use 2' as part of the 'Cairns Plan 2016' which allows for trades and services uses, low impact industry and residential.

Land area

26,053 m²

The total GLA/retail area

12,917 m²

Lease Commencement Date

9/2/2003

Total Property Cost

$13,036,603

Current valuation

$9,000,000

Annual Rent

$1,311,865

Project Location

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