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Omega Property Group Omega Property News
Each month we produce a newsletter that details all our client's properties available for sale or lease in one portfolio. For a hard copy, please fill in the form below.


Latest reports emphasise the importance of encouraging more industry to our city

These are the views of business leaders in our local community who are working towards increasing our local industrial, service and manufacturing sectors in order to lay a strong foundation for an economy that is currently underpinned mainly by tourism. It is believed that the loss of some airline routes has been a result of aircraft departing with only partial loads which in turn substantially reflects on the profitability of these routes. A concerted effort to attract industry into Cairns that will utilise air freight is a means of maintaining profitability for the carriers flying into our city which will of course be of huge benefit to our core tourism business.


Where better to open new industrial businesses than
South Cairns Business Park.

South Cairns Business Park has been designed to be the city’s first fully integrated industrial park. The existing release and the future stages of the park will cater for the necessary industrial land requirement for this city for the next five years.

With land prices starting at $98 per square metre this area has been designated as the preferred industrial precinct under the greater Cairns strategic management plan. We are receiving some renewed interest of late from both local and national companies. Construction of the new Army barracks is currently underway.

Please note Lots 23.2 and 24 are partially improved with good structures offering exceptional value for companies wanting to "fast track" relocation.


LOST FOR WORDS!!

Neatly situated between the multi-national insurance company, CGU and the National Australian Bank is a nicely appointed 116m2 tenancy that could be used for either retail or commercial purposes.

The owners are eager to secure a tenant and have indicated that they would negotiate terms on their asking rental of $220 per square metre. Current fitout perfect for computer sales, rear roller door and security system in place.


200 M 2 AT PLAZA 200, 200 MULGRAVE RD
for $180 per square metre (gross)

This Yellow Pages tenancy will be available for lease soon. Plaza 200 is a busy complex with a mixture of commercial and retail on the major intersection of Mulgrave Road and Aumuller Street.

Excellent carparking facilities. Great Profile.


"The Avenue" - Edge Hill

Lot 1. "Serenity" Aveda Beauty Salon
110 m2 5yr + 5yr lease $22,000 pa net
Asking Price $245,000

Lot 5. "Divine" Hair & Make-Up
108 m2 5yr + 5yr lease $24,600 pa gross SOLD
Asking Price $240,000

"The Avenue" is an outstanding retail development situated on the busy intersection of Woodward and Pease Streets, Edge Hill. Its inclusion into Edge Hill has strengthened the "village" shopping atmosphere for which the suburb is becoming renowned. We welcome your enquiry to inspect this tastefully designed strata-titled complex.

CONTACT OUR OFFICE FOR DEPRECIATION SCHEDULE


"PALM COURT"

34 Lake Street Cairns Tropical North Queensland
285 square metres Ground Floor - Lake Street Exposure

Premises have been occupied by OK Gift Shop for past eight years. Great exposure. Bus Stop directly in front of store to assist tour companies. Ideal for international/national tenant wanting prime retail presence. Additional office area for administration of 136 square metres behind retail component.

PLEASE PHONE OUR OFFICE TO DISCUSS LEASE PACKAGE


Bring me sunshine !!

From the desk of Dennis A Crossley
Managing Director
Omega Property Group.

Regular readers of this column will have worked out by now that I'm a bit musically inclined. Indeed, in an earlier time your intrepid scribe had a stint at playing music for a living. I was lucky however, to have had my initiation long before "punk" was a word associated with music and "rap" was something you did to a present at Christmas.

Which brings me to this month’s column. Last month in Cairns (and many more before it), it rained the proverbial felines and canines. But as sure as Costello follows Abbot, Bacall follows Bogie and confusion follows GST, shine follows rain.

"Bring me Sunshine" was the signature tune of a great English comedy duo, Morecambe and Wise. My dad used to watch them on our kerosene powered telly and sing me the song afterwards. It seemed to cheer him up. It sure cheered me up 'cos afterwards he was in such a good mood he'd take me down the corner shop and buy me a bag full of gobstoppers. How I loved that song!!

But it seems that I'm not the only one who gets in a good (read positive) mood when sunshine appears. Ask anyone connected with the property industry in Cairns and they will tell you of the positive "we are on the way back up" mood that is in the air right now. A casual glance at the "Doom & Gloom Rag" (occasionally called The Cairns Post) proves that the sunshine has graced the furrowed brows of even its most sleepy reporter. An article last week outlined 4 major CBD sites that are under contract and we know of at least another 2 that will hit the press shortly. These contracts have generated tens of millions of dollars in sales and will generate double that amount in construction work. Gratifying is the fact that most of these sites, when redeveloped, will be occupied by major national companies who are securing their position in Cairns whilst it is still affordable and more to the point, whilst the sites are still available.

All this of course comes on top of the imminent opening of our new NBL stadium and the great work Geoff Donaghy and his team are doing down that end of town in getting convention business into the region. Also add the proposed redevelopment of the Esplanade (which apart from anything else will give the town an additional "feel good factor"), the long awaited City Port redevelopment blueprint from the Cairns Port Authority and the take up of vacant shops in the CBD and one could be very justified in believing the corner has been turned.

But friends beware the downside of sunshine. Remember my dad bought me all those lollies after hearing the song? Well years later the result was long hours at the dentist, removing large amounts of built up gobstopper goo! Come to think of it though, it made me realise that too much of anything is not good but things approached in a controlled fashion can be your best friend and most profitable asset.

Maybe we should have sung the song to Little Johnny after his 5 minutes of sunshine jibe, or the grim reaper Paul in an effort to make his bananas grow quicker, I don't know. But what I do know is that I'm stocking up on 15+ and going for it.

Any one for a gobstopper..........................??

Omega Property GroupProperties for Sale
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"THE AVENUE" EDGE HILL
"Serenity on the Avenue" Lot 1 $22,000 pa net, 5 + 5 year lease. Asking price $245,000.
"Divine Hair & Makeup" Lot 5 $24,600 pa gross, 5 + 5 year lease. Asking price $240,000 SOLD
43 SPENCE STREET CBD Previously used as restaurant. 326 square metres net lettable area. Liquor licence available. $1,200,000.
67 LAKE STREET CBD
- UPDATE !!
1818 square metres of prime CBD commercial offices. Long term leases to "Blue Chip" tenants including Westpac Banking Corporation and Geos Cairns College of English. GEOS HAVE JUST SIGNED A NEW 5 + 5 YR LEASE. OUTSTANDING INVESTMENT $7,000,000
LOT 8 PLAZA 200 MULGRAVE RD
- UPDATE !!
Corner of Aumuller Street and Mulgrave Road. Leased to Yellow Pages. 200 square metre strata titled property. $400,000. GREAT SITE FOR OWNER OCCUPIER. VACANT POSSESSION AVAILABLE NOW
119 BROWN STREET PORTSMITH Unit 3 (144 square metres) located in the heart of Cairns service/trades area close to all amenities and businesses. Available for Sale at competitive price of $100,000. Car parking on site, some signage available.
Unit 4 - a larger 549 square metre warehouse is available at $450,000.
411 MULGRAVE ROAD - SOLD !! Mulgrave Road corner site - 1561 square metres with 225 square metre building plus storage area. Previously used for fast food but has unlimited potential. Owner is prepared to sell property at $700,000.
QUEEN STREET AYR - SOLD !! Prime position near other major companies. 400 square metres. Leased to State Government and Video 2000. New building. Excellent return. Long leases. Good depreciation. $830,000. MUST SELL!!
NAB GORDONVALE This won’t last! Although not officially confirmed, National Australia Bank have indicated that they will be remaining in this region for years to come. We should soon receive formal notification of the extension of their lease. At $430,000 it offers an investor a solid and safe return.
Omega Property GroupProperties for Lease
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Central Business District
43 SPENCE STREET 326 m2 next to Sports Bar and various other restaurants. Previously used as restaurant. $260/m2 net. Current liquor licence.
PALM COURT - 34 LAKE ST Shop 7. 285 mē. Prime retail. Asking $600/m2
Shop 11. (Coffee Shop) 48 mē. $350/m2 . LEASED.
Shop F4. Set up Restaurant with licence. 400mē. $50,000 pa.
Shop F5. 28 m2 $400/m2 net.Negotiable.
Shop F12. 82 m2 $200/m2 net. Negotiable.
CONSERVATORY - 12 LAKE ST Many areas. Ground & 1st Floor. Small to large. Rentals begin at $200/m2 net. JAPANESE RESTAURANT NOW OPEN!
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Suburbs
255 MULGRAVE ROAD 116 m2 $220/m2 net. Owner negotiable.
214 MULGRAVE ROAD 78 m2 & 84 m2 $200/m2 net. Owner negotiable.
200 MULGRAVE ROAD 100 m2 . Currently housing NQ Vending. Large sign available.
200 m2 Available soon. Lease price $180/m2 gross.
157 MULGRAVE ROAD 93 m2 $140/m2 net. LAST VACANT SPACE (Showgrounds Shopping Centre).
EDGE HILL - NEW SHOPS "The Avenue" 149 m2 $250/m2 net. ONLY SHOP REMAINING.
Omega Property GroupOffice Leases
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255 MULGRAVE ROAD 116 m2 $220/m2 net ono.
GLENCORP HOUSE 465 m2 First Floor $200/m2 net. Can be sub-divided into 100m2 offices. Undercover parking. Signage available. Quality space.
PALM COURT SHOPPING CENTRE 115 m2 Mezzanine Office. $110/m2 gross.
135 mē Mezzanine Office. $140/mē gross. LEASED
CONSERVATORY - 12 LAKE ST Many areas. Ground & 1st Floor. Rentals are negotiable. JAPANESE RESTAURANT NOW OPEN
Omega Property GroupIndustrial Leases
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119 BROWN STREET Unit 3 - 144 mē $75/mē net.
Unit 4 - 549 mē $82/m2 net.
149 SCOTT STREET 99 m2 $95/mē net.

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Ph: +61 7 4044 1177 | Fax: +61 7 4044 1122
sales@omegaproperty.com.au
PO Box 6510, Cairns Queensland 4870
The Conservatory 12-14 Lake st, Cairns, Australia
Website: Cairns OnLine | Updated: May 19, 2005