Description
Unique Opportunity - The Grounds Cairns
Land/Development Sold - Cairns QLD
MUST BE SOLD!
The Grounds Cairns offers a unique opportunity to acquire a significant 1.714ha parcel of land in suburban Cairns.
Currently operating as a thriving sporting hub, the property has six long-standing tenants including an onsite restaurant and bar. The Caravella Football Academy operates the state-of-the-art artificial turf field.
The property is for sale by Expressions of Interest closing Thursday 8 August 2024.
Property Highlights
• Huge 1.714ha property with two street frontages
• Building area of 1,321m² with six tenancies
• Strong holding net income of $120,000pa* + GST
• Significant exposure to busy Toogood Road
• Multi-tenanted sports and recreation hub
• Sporting grounds include FIFA quality artificial turf field, additional playing fields and bowling green
• Tenants include six long-term local businesses
• Located in key growth corridor close to local amenities, schools and medical facilities
• Less than 1km from Bruce Highway and 6km from Cairns CBD
• Potential for future rezoning and redevelopment STCA.
The property offers significant upside opportunities including:
• Revitalisation of current fields and bowling green to attract new tenants
• Utilisation of unused land for additional income stream
• Potential rezoning and redevelopment STCA.
For further information contact the Exclusive Agent Sarah Broad on 0475 944 322.
Property Features
- Land/Development
- Land is 17,140 m²
- Floor Area is 1,321 m²
