4/58-62 Mcleod StreetCairns City QLD 4870
Property Details for 4/58-62 Mcleod St, Cairns City
Last Listing description (May 2022)
12 Year Head Lease to 2032 + options
Capital Intensive Upgrade in 2020
Annual Reviews + Ratchet at Market
+ 12 year head lease to 2032 plus options to 2047
+ Annual rent reviews with ratchet clause at market review
+ Tenant pays all usual outgoings
+ Impressive 950sqm whole floor, redeveloped and upgraded in 2020
+ Incorporates reception and waiting, two operating theatres, primary and secondary recovery rooms, oncology infusion centre, Central Sterile Supply Department (CSSD) and Pre and post-operative rooms
+ Cairns: gateway to Australia's Great Barrier Reef, economic output of $10.25 billion and Australia's 5th largest regional city with a rapidly growing population of 168,449 people
+ Net Income: $480,910 pa + GST
For Sale by Investment Portfolio Auction
11:00AM (AEDT) Wednesday 15 December 2021
*All areas are approximate
Property History for 4/58-62 Mcleod St, Cairns City, QLD 4870
- 09 Sep 2021Listed for Sale UNDER CONTRACT
- 26 Feb 2019Sold for $715,000
- 06 Nov 2015Listed for Sale Not Disclosed
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0About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation.In 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.
Cairns City has 3,417 properties. Over the last 5 years, Houses in Cairns City have seen a 60.75% increase in median value, while Units have seen a 56.07% increase. As at 31 July 2026:
- The median value for Houses in Cairns City is $734,411 while the median value for Units is $606,586.
- Houses have a median rent of $488 while Units have a median rent of $600.
Suburb Insights for Cairns City 4870
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