120 Bunda St
Address:
120 Bunda St, Cairns QLD 4870
September 2013
Acquired:
4,563m²
NLA:
Tenants:
AECOM and State Queensland
All figures as at Jun26
Located adjacent to Cairns Centre, 120 Bunda Street is a modern commercial office building occupied by Commonwealth and State Government offices along with other high-grade tenants. The property was acquired in 2010 on behalf of a private investor seeking exposure to the local Cairns office segment. Since acquisition, Trident Funds Management have worked on the asset to improve presentation, functionality and this high level of maintenance has seen high tenant retention rates.
The asset provides reliable, diverse income from high-quality tenant covenants on staggered long-term leases.
In 2021 the property underwent major upgrades including full cladding replacement, painting, foyer upgrades, light upgrades and new external signage.
