Retail

Cairns Home Improvement Centre

131-145 Draper Street Portsmith, QLD Australia 4870

Asking Price Contact for pricing

Area Size

NOI Net Operating Income N/A

Cap Rate N/A

Key facts

Year Built	2000
Building Area Gross

Property 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)

Last Updated Date: 25 Feb 2022

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Last Updated Date: 25 Feb 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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