578-580 Bruce HighwayWoree QLD 4868
Property Details for 578-580 Bruce Hwy, Woree
Last Listing description (December 2025)
Walkers Cairns offers for sale, a flat 1,619m2 block. With a concrete masonry building currently used primarily as a long term successful restaurant with a takeaway, adjacent secondary professional offices and a self contained unit.
The restaurant has a large dining area, function room, bar with servery, kitchen with cool room, plenty of store rooms and two separate bathrooms.The takeaway is a separate entrance. Along with the self contained unit.
The shop is open plan and has the option to divide into 2 shops for an additional income, Plenty of store areas with separate toilets and shower with more than ample parking to the side and rear.
Located within the Woree Business Centre in suburban Cairns City.
Offered with an existing long-term restaurant tenancy, the property presents an opportunity for investors to secure a proven tenant in a substantial building, located within an established suburban location.
Gross amount of rent for restaurant (shop 1 and 2 plus upstairs unit) - $107,800.00
Shop 3 and 4 currently occupied by the landlord -
rental estimate $2500 each shop per month
Local council rates - $ 20,413.00
Insurance - $ 7,790.00
Water rates paid by restaurant
_______________
Net amount $ 79,597.00
Features:
-Long term established restaurant and takeaway tenant
-Opportunity to separate the shops for an additional income
-High traffic, proven location
Property History for 578-580 Bruce Hwy, Woree, QLD 4868
- 25 Sep 2024Listed for Sale Contact Agent
- 05 May 2011Sold for $950,000
- 15 Jul 2010Sold for $900,000
Recent sales nearby
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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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