Significant opportunity for superannuation investment with this long term, rock-solid freehold tenure showing 8% return with lease options to 2027.

The lessee is Australia’s largest locally owned cafe group ‘The Coffee Club’ (Properties) Pty Ltd with a sub-lease to a Cairns operator with two other coffee clubs.

The franchise has 230 outlets throughout Australia, 30 in New Zealand and seven in Asia.

In a prime position on the corner of the Night Markets and Cairns Esplanade, the current lease term has been extended to May 2017 with two 5 year options to 2027.

The premises comprises 86m2 plus exclusive use storage of approximately 13m2.

Current rental is $202,475.52pa net plus GST plus outgoings

List price $2,550,000