The Grounds Cairns

MUST BE SOLD! The Grounds Cairns offers a unique opportunity to acquire a significant 1.714ha parcel of land in suburban Cairns. Currently operating as a thriving sporting hub, the property has six long-standing tenants including an onsite restaurant and bar. The Caravella Football Academy operates the state-of-the-art artificial turf field. The property is for sale by Expressions of Interest closing Thursday 8 August 2024. Property Highlights ? Huge 1.714ha property with two street frontages ? Building area of 1,321m� with six tenancies ? Strong holding net income of $120,000pa* + GST ? Significant exposure to busy Toogood Road ? Multi-tenanted sports and recreation hub ? Sporting grounds include FIFA quality artificial turf field, additional playing fields and bowling green ? Tenants include six long-term local businesses ? Located in key growth corridor close to local amenities, schools and medical facilities ? Less than 1km from Bruce Highway and 6km from Cairns CBD ? Potential for future rezoning and redevelopment STCA. The property offers significant upside opportunities including: ? Revitalisation of current fields and bowling green to attract new tenants ? Utilisation of unused land for additional income stream ? Potential rezoning and redevelopment STCA. For further information contact the Exclusive Agent Sarah Broad on 0475 944 322.