High Yielding Investment in Cairns CBD – “Circa 8.5% Yield” Day Surgery Hospital & Fertility Clinic – Leased to 2025

58-62 McLeod St, Cairns City QLD 4870, Australia
Auction POA
950 m2 approx

High yielding whole floor CBD investment in Cairns Central Plaza

10 year lease from February 2015 plus two 5 year options to 2035
Modern medical accommodation including two operating theatres
Net lettable area of 950 sqm plus 15 exclusive use car spaces
High likelihood of long tenure with tenant’s extensive investment in fit-out and specialist medical equipment
One of Australia’s fastest growing regions with circa 150,000 population
Established fertility clinic operating since 2009
Opposite Cairns Central Shopping Centre with 180 stores, largest centre in NQ
Cairns: medical hub of North Queensland
Tenant pays all usual outgoings (incl. Land Tax), as per lease
Next rent review in February 2019
Net Income: $541,600 pa + GST

Auction 11am Tuesday 11 September 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property Enquiries
Pat Kelly
Property on Map

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