7-19 Lake Street, Cairns, QLD
The property is the premier commercial office building in Cairns comprising a total NLA of 14,956m² 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 | 8.50% |
Valuation | $48,000,000 (inc. Grafton Street land) |
Valuation Date | June 2017 |
Valuation Type | Independent Valuation |
Ownership Interest | 100% |
NABERS Rating | 4.0 star |
NLA | 14,956m2 |
Car Spaces | 254 |
Tenant Profile
Number of Tenants | Twenty-seven |
Occupancy | 81% |
WALE | 2.3 years |
Leasing Opportunities
Level | Total (sqm) | Fitout | Rent | Availability | Comments |
---|---|---|---|---|---|
Arcade | 300 | No | POA | Now | |
Arcade | 553 | No | POA | Now | |
Ground Floor | 62 & 91 | No | POA | Now | |
Mezzanine/Level 1 | 390 | No | POA | Now | |
Level 8 | 828 | No | POA | Now | Refurbished whole floor |
Level 14 | 125 | No | POA | Now |
Contact GARDA on 07 3002 5300 or This email address is being protected from spambots. You need JavaScript enabled to view it. for more information or
Robbie Macfarlane of CBRE on 0409 636 943 or Greg Wood of Knight Frank on 0418 772 555 to discuss leasing opportunities.