Case Studies

38-42 Pease Street, Manunda

This strata titled showroom warehouse complex is situated on busy Pease Street between Anderson Street and Mulgrave Road and is being marketed by Helen Crossley. On a 3,177 m² block the owner has built a good looking complex of 16 showroom warehouses in various configurations starting from 114 square metres. Lot 4 has recently settled leaving the other fifteen for sale and some for lease. Each lot has the equivalent of three car spaces in front of the lot on the title. They are perfect for the small business person, tradesman, builder, electrician etc.

Each lot has its own bathroom facilities with the required designated disabled facilities at the rear of the complex. All internal walls are painted and each lot is capable of having a legal mezzanine floor added – there is already a mezzanine in Lot 14. Each lot has three phase power and is pre – wired for telephone installation. The roller door height is 4.4 metres. The body corporate has only just been structured. Body corporate levy for each unit is $1,000.00 per annum and sinking fund is $200.00 per annum. (Water usage is included in B/C Levy). Cairns Regional rates are currently $2,000.00 per annum per unit. The complex is accessed by electronic gates for added security.

The owner is delighted that since taking over in January 2016 Lots 1, 2, 3, 4, 7, 9 and 12 have sold and Lots 5, 8, 15 and 16 are leased.

Sales Analysis*
Sale PriceFrom $163,000
AreaFrom 83m²
Car Park/HardstandFrom 31m²

Only Lots 5, 6, 8, 10, 11, 13, 14, 15 and 16 are still available for sale. Lots 5, 8, 15 and 16 are tenanted and Ray White Commercial (Cairns) manage the complex also.


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