Lot 14 - Retail Sale Opportunity
Southside Shopping Village is a small centre of 16 tenancies currently that adjoins McDonalds, Woree. Situated in Charlotte Close, just off the Bruce Highway, the centre is anchored by IGA, Liquorland and Brumby's. Additionally the centre has a Newsagency, Asian restaurant, Pizza restaurant, Hairdresser, Swimart, Body / beauty, Fish and chips. The IGA is currently under new management by a very experienced, long standing IGA operator.
The Village historically trades really well, close to schools, residential housing and opposite Cairns Golf Course. The construction of the new multi lane highway interfered with access during construction which is now complete. Distance to the Cairns CBD is 7.4 kilometres. Plumbing work is currently being done on a major residential development planned for an adjoining site.
This 60 m2 retail tenancy in Southside Shopping Village has been tenanted since 2011 by Cigarette & Gifts Warehouse. They have just taken up their 3 year option commencing 10 August 2017. Tenants pay 100% of outgoings and current return shows approximately 10%.
Reduced and priced to sell at $140,000.
Contact: Exclusive agent Helen Crossley - Ray White Commercial Cairns for more information.