Leasing Opportunities, Office
7-19 Lake St, Cairns

The property is the premier commercial office building in Cairns comprising a total NLA of 14,683m² 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, 5 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 264 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
Independent Valuation
$90,000,000 (inc. Grafton Street land) (October 2021)
Capitalisation Rate
6.625%
Discount Rate
7.00%
NABERS Rating
5 star
NLA
14,683m²
Car Spaces
264

Tenant Profile

Twenty-four
Number of Tenants
92%
Occupancy
4.3 years

WALE

Leasing Opportunities

Level Total (sqm) Fitout Availability Comments
LEVEL 11 285 Refurbished - Open Plan Dec-22
Ground - Office or Retail 300 Refurbished - Open Plan Immediately
Ground - Office or Retail (Lake St Frontage) 260 Refurbished - Open Plan Immediately
LEVEL 10 214 Fitted TBC, c. Feb-23

Contact GARDA on 07 3002 5300 or leasing@gardaproperty.com.au for more information.