Cairns Hypermart
101-103 Spence Street, Cairns QLD
This mixed use complex is located on a major arterial road, Spence Street, linking the Cairns CBD to the north-south highway, only 100 metres from Cairns Central, the city's major regional shopping centre. The Hypermart combines a bulky goods retail centre, a warehouse facility and a small office component. Cairns is one of Queensland's major provincial cities with approximately 188,000 residents in the region.
| Property details | |
| Type: | Retail |
| Site area: | 24,309 sqm |
| Lettable area: | 15,293 sqm |
| Car spaces: | 179 |
| Title: | Freehold |
| Ownership: | 100% |
| Acquisition date: | December 2001 |
| Valuation: | $20.0 million |
| Valuation date: | June 2009 |
| Book value: | $20.0 million |
| Occupancy: | 95.0% |
| Major tenants: | Harvey Norman (9,423 sqm), Freedom (1,537 sqm), Captain Snooze (1,111 sqm) |