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481 Mulgrave Road, Earlville, Qld 4870

481 Mulgrave Road, Earlville, Qld 4870

Offices Other

  • For Sale
  • Asking price $790,000
  • For Sale
  • Under Contract

  • Land Area
  • 622.00 m² (approx)
  • Floor Area
  • 245 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Mar 31, 2020
  • Car Spaces
  • 6
  • Parking Comments
  • Car parking at the rear via secure gates
  • Zoning
  • Major Centre

Interested in this property? Contact an Agent today

Knight Frank - Cairns

1st Floor, 32 Sheridan Street

Cairns City Qld 4870

Rob Macfarlane, Knight Frank  - Cairns
Rob Macfarlane

Rare Mulgrave Road Standalone Commercial Investment for under $1 million

Prominent Mulgrave Road position, 481 Mulgrave Road is situated directly beside Stockland Shopping Centre with a building area of 235 sqm and land area of 622 sqm. The single level standalone office complex with secure rear parking is currently tenanted by Strategix Training Group, and is available to purchase for $790,000.

* Land area 622 sqm, frontage to Mulgrave Road 14 metres
* Total building area 245 sqm
* Improvements include 3 large training rooms plus a smaller training room, large reception area, separate well appointed kitchen, male and female amenities including disabled toilet
* Double entry glass doors with disabled compliant entry
* 6 covered car bays at the rear via secure gates
* Currently leased to Strategix Training Group
* Lease term 2 years + 2 year option, commenced 1 February 2019
* Current rental $65,000 per annum + GST
* Outgoings paid by tenant (per annum): Council Rates $6,710.16 and Building Insurance $2,464.33
* Asking price $790,000 - Net return 8.2%

Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its

481 Mulgrave Road, Earlville, Qld 4870

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