1/12-20 Toogood RoadWoree QLD 4868
Property Details for 1/12-20 Toogood Rd, Woree
Last Listing description (July 2024)
Colliers Cairns offers for sale this retail investment property located within the Woree Business Centre in suburban Cairns City. The property is offered for immediate sale at the listed price of $2.85M.
Offered with an existing long-term supermarket tenancy, the subject property presents an opportunity for investors to secure a proven tenant in a substantial building, located within an established suburban location.
The IGA supermarket business has been successfully operating out of the same building for 29 plus years and shares its location with Liqourland, QML Pathology, Southcare Medical and Woree Business Plaza. The current lease which commenced in July 2021 provides rental security till 2031 with an additional four, 5-year options.
Current income is set at a gross rental of $246,000 per annum + GST with fixed increases of 2.5% annually and review to market provisions.
Features:
-Long term IGA supermarket tenant
-Part of a well-located suburban centre with ample convenient parking
-Recently commenced 10-year lease with options
-Passing gross income of $246,000pa + GST with fixed 2.5% annual increase
-High traffic, proven location
-Sizeable 899m2* ground floor tenancy area
-Recent upgrading of flooring and merchandise shelving
-Exclusive use loading dock area
This is an opportunity to acquire a tenanted commercial investment located within a busy suburban centre. For sale at the listed price of $2.85M.
For more information, contact the agent.
*approximately
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.
Property History for 1/12-20 Toogood Rd, Woree, QLD 4868
- 17 Jul 2024Listed for Sale $3,000,000
- 01 Feb 2022Listed for Sale $3,000,000
- 12 Apr 2018Listed for Sale $180,000 + GST
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0About Woree 4868
The size of Woree is approximately 5.8 square kilometres. It has 10 parks covering nearly 27.5% of total area. The population of Woree in 2016 was 4821 people. By 2021 the population was 5127 showing a population growth of 6.4% in the area during that time. The predominant age group in Woree is 40-49 years. Households in Woree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Woree work in a community and personal service occupation.In 2021, 45.10% of the homes in Woree were owner-occupied compared with 42.80% in 2016.
Woree has 2,912 properties. Over the last 5 years, Houses in Woree have seen a 81.77% increase in median value, while Units have seen a 139.61% increase. As at 31 December 2025:
- The median value for Houses in Woree is $628,588 while the median value for Units is $329,617.
- Houses have a median rent of $490 while Units have a median rent of $420.
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