Lot 15 - Investment 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 151 m2 tenancy in Southside Shopping Village is tenanted by Multy Cut Meats. Their lease commenced in 2015 and they have one more year of their lease to run with an option for another three years. Tenants pay 100% of outgoings and current return shows approximately 12%.
Reduced and priced to sell at $210,000.
Contact: Exclusive agent Helen Crossley - Ray White Commercial Cairns for more information.