SOLD
Sold on 19 Jul 2024 for $610,000

2/13 Spence Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 110m2
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Property Details for 2/13 Spence St, Cairns City

Building Type
Commercial
Floor Size
100m2
Land Size
110m2
Local Government
Cairns Regional
Lot/Plan
2/SP202658

Last Listing description (March 2022)

210 sqm retail shop near the corner of Abbott and Spence Streets. Has street frontage of approximately 10 metres. The building has good visibility and a high volume of pedestrian traffic passing by daily.

Your neighbours in this popular tourist retail precinct would include OK Gift Shop, DFS, Louis Vuitton, JTB Travel, etc. All the usual retail services are provided internally including male/female toilets.

External and under awning illuminated signboxes are available. A new opportunity now exists with competitive rental for a CBD retailer.

Contact our commercial team:
Helen Crossley - 0412 772 882
Grant Timmins - 0422 534 044
Janice Wanklyn - 0408 768 305

Property History for 2/13 Spence St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$610,000
19 Jul 2024
Listed for Rent
$1.15k/w
06 Sep 2021
  • 19 Jul 2024
    Sold for $610,000
  • 19 Jun 2019
    Listed for Rent $60,000 / year
  • 14 May 2019
    Listed for Sale Contact Agent Fiona Green 0428 875 804
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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 3,345 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
  • Houses have a median rent of $630 while Units have a median rent of $560.
There are currently 34 properties listed for sale, and 47 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

Suburb Insights for Cairns City 4870

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.