7-19 Lake Street, Cairns Qld
7-19 Lake Street Cairns is the Funds flagship property, representing 23% of the Fund's asset value. 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.
|Year of Construction||1989|
|Valuation||$42,200,000 (inc Grafton St land)|
|Valuation Date||1 June 2016|
|Valuation Type||Independent Valuation|
|NABERS Rating||4.0 star|
|Number of Tenants||Twenty-seven|
|Ground Floor||62 & 91||No||POA||Now|
|Level 8||828||No||POA||Now||Refurbished whole floor|
Robbie Macfarlane of CBRE on 0409 636 943 or Greg Wood of Knight Frank on 0418 772 555 to discuss leasing opportunities.