Superbly positioned on one of the busiest intersections in Cairns at the five ways where Reservoir Road meets Pease Street, this commercial freehold is fully leased and offers a high exposure investment property with strong passing income.
Improvements to the land area of 587m2 comprise of a single storey block retail building of 451m2 housing 6 retail shops. Features of the building include large glass front shop windows, large signage fascia's to both front and side, common toilets to the rear of the property and extensive angle parking for clients to the front of the building along with staff parking at rear.
The property houses several long-standing tenants, AAA Laundromat and Crazy Ox Carvery and Chinese Capital takeaway who have resided in the building for more than a decade along with a very successful phone and tablet sales and repairs business, a food take away and Maximise Physiotherapy clinic.
Prime Freehold property
High exposure location on one of Cairns' busiest intersections
100% Fully Leased
Extensive fit-outs in place
Front angle parking
Rear tenant parking
Current passing income $136,555.27
The size of Manoora is approximately 2.2 square kilometres. It has 7 parks covering nearly 9.9% of total area. The population of Manoora in 2016 was 6027 people. By 2021 the population was 6175 showing a population growth of 2.5% in the area during that time. The predominant age group in Manoora is 20-29 years. Households in Manoora are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manoora work in a community and personal service occupation.In 2021, 37.40% of the homes in Manoora were owner-occupied compared with 32.00% in 2016.
Manoora has 3,168 properties. Over the last 5 years, Houses in Manoora have seen a 74.61% increase in median value, while Units have seen a 154.36% increase. As at 31 December 2025:
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