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3/59 Spence Street
Cairns City QLD 4870

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

Ray White Cairns is pleased to present an outstanding investment opportunity with this exceptional commercial property, ideally situated on one of Cairns' most sought-after streets. Offering unparalleled vehicular and pedestrian exposure, the property is positioned in the heart of the Cairns CBD, within walking distance of all local amenities. It is prominently located adjacent to the Cairns Courthouse, with the added advantage of neighboring O'Reilly Stevens Lawyers.
Currently leased on a three-year lease with 2 x three-year options to a secure tenant, with a fit-out to be completed shortly at the tenant's expense to further enhance the offering.
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
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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 3,424 properties. Over the last 5 years, Houses in Cairns City have seen a 25.88% increase in median value, while Units have seen a 46.31% increase. As at 28 February 2025:

  • The median value for Houses in Cairns City is $491,596 while the median value for Units is $514,439.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 48 properties listed for sale, and 40 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 145 properties were sold in the past 12 months in Cairns city.

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