FOR SALE
$589,000 or $45,000 per annum

3/59 Spence Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 171m2
Land area: 171m2
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INNER CITY COMMERCIAL ALLOTMENT WITH PRIME 'STREET FRONTAGE'

Ray White Cairns is pleased to present an unparalleled business opportunity with this exceptional commercial property, ideally situated on arguably one of Cairns' most sought-after streets. The property offers unparalleled vehicular and pedestrian exposure, positioned in the heart of Cairns CBD and within walking distance to all local amenities. It is prominently adjacent to the Cairns Courthouse, with the added benefit of being neighbouring tenants to O'Reilly Stevens Lawyers.
Property Breakdown:
- Three well-sized offices + open plan partitioning
- Spacious allotment totalling 171m2 under roof
- Large boardroom to accommodate client meetings and presentations
- Well-appointed office kitchen
- Renovated shared amenities
- Server room
- Four off-street parking spaces with easy and direct access
Don't miss this opportunity to establish your business in one of Cairns' most coveted commercial locations. Contact us today for a full information memorandum or to arrange an inspection today.

Property Details for 3/59 Spence St, Cairns City

Building Type
Commercial
Floor Size
171m2
Land Size
171m2

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About Cairns City 4870

The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.

Cairns City has 3,352 properties. Over the last 5 years, Houses in Cairns City have seen a 28.68% increase in median value, while Units have seen a 46.21% increase. As at 30 September 2024:

  • The median value for Houses in Cairns City is $512,156 while the median value for Units is $493,046.
  • Houses have a median rent of $600 while Units have a median rent of $560.
There are currently 40 properties listed for sale, and 35 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 136 properties were sold in the past 12 months in Cairns city.

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Aimee Foley
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