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Lot 9 & 10/71 Williams Esplanade, Palm Cove.

Expressions of interest

Two prime beachfront commercial investments

An exceptional opportunity to secure two fully-leased, high-performing commercial strata investments in Palm Cove's newest and most prestigious development, Shara. Positioned prominently on the beachfront, this architectural standout is home to elite tenants and offers investors secure returns in a tightly held tourism and lifestyle location. - High-quality tenants including an international retail anchor - Secure leases with fixed annual increases - Strong yield potential with built-in growth - Premium Palm Cove location – absolute beachfront and high pedestrian exposure - Inspect: by appointment only Available together or separately: Lot 9 (71A Williams Esp) Tenancy: Rip Curl retail store 121m2 + 14m2 car park Lease term: 3 years from 09/06/23 Option: 2 x 3-year Current gross rent: $89,232 + GST Rent reviews: 4% per annum increase (market review June 2026) Outgoings by tenant: Nil Body Corporate: $2,294.50 Council Rates: $11,504.35 Net income: $75,433.15 Lot 10 (71D Williams Esp) Tenancy: Hairdresser 62m2 + 14m2 car park Lease term: 4 years, 2 months from 09/01/2023 – 08/03/2027 Option: 1 x 3-year Current gross income: $45,751.31 (Rent: $37,107.26 + Outgoings: $8,644.05) +GST Rent reviews: 4% per annum increase (next increase June 2026) Net income: $37,107.26 +GST

Principal
Principal | Real Estate Agent
Property information
Property ID
222P597191
Property type
Retail
Home size
563.0 sqm
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Get to know the area.

Beautiful year-round, this stunning stretch of coastline in Far North Queensland is a destination within itself. Perfectly positioned between Port Douglas and Cairns, Palm Cove is a resort town along the shores of the Coral Sea. Bounded by the lush tropics of Macalister Range National Park on one side, and a patrolled swimming beach to the other, this slice of paradise pulls out all the stops.

Your local office.

Proud market leaders in prestige residential, investment and lifestyle property in North Queensland, Belle Property Cairns is a strong, growing business that’s been setting the benchmark in excellence since 2005.

Request for Contract.

Thank you for your interest in Lot 9 & 10 Williams Esplanade, Palm Cove, QLD 4879. To receive a copy of the contract via email, please fill in your details below.

 

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