Cairns Home Improvement Centre

131-145 Draper Street Portsmith, QLD Australia 4870
Asking Price Contact for pricing
Area Size
NOI Net Operating Income


Year Built 2000
Building Area Gross
Call for Offers 2022-05-01

Asset 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: 20 Jun 2022

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Last Updated Date: 20 Jun 2022

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