7-19 Lake Street | Cairns, QLD

7-19 Lake Street Cairns, QLD

7-19 Lake Street Cairns, QLD

The property is the premier commercial office building in Cairns comprising a total NLA of 14,738m² and has attracted quality blue chip tenants including both local and international government organisations, respected accountancy firms and a number of financial institutions. The 15 level, semi-modern, 4 star NABERS rated building was completed in circa 1989.

The property comprises ground floor building entry foyer with retail accommodation, ground floor office arcade, mezzanine office accommodation, secure podium parking for 254 vehicles on levels two, three and parts of level four, and twelve upper levels of commercial office accommodation. The property also has a 1,500m² parcel of land adjoining the property, providing potential development opportunities.

Property Details
YEAR OF CONSTRUCTION
1989
ACQUISITION DATE
2006
CAPITALISATION RATE
8.25%
VALUATION
$57,000,000 (inc. Grafton Street land)
VALUATION DATE
June 2019
VALUATION TYPE
Independent
OWNERSHIP INTEREST
100%
NABERS RATING
5.0 star
NLA
14,683m²
CAR SPACES
264
Tenant Profile
NUMBER OF TENANTS
Twenty-seven
OCCUPANCY
97%
WALE
3.6 years
Leasing Opportunities
Level
Total (sqm)
Fitout
Availability
Comments
GROUND FLOOR- Office or Retail
300
Refurbished- Open Plan
Early 2021
LEVEL 12
87
Refurbished- Open Plan
September 2019
LEVEL 15
152.5
Yes
November 2019

Contact GARDA on 07 3002 5300 or leasing@gardacapital.com.au for more information.