SOLD
Sold on 13 Mar 2024 for $11,500,000

40-44 Redden Street
Portsmith QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 12190m2
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Property Details for 40-44 Redden St, Portsmith

Building Type
Commercial
Land Size
12190m2
Local Government
Cairns Regional
Lot/Plan
707/SP198018

Last Listing description (November 2022)

Available now for sub lease. Extensive warehouse facility that would suit a transport or logistics company, with up to 1,320 sqm of warehouse available providing a minimum of 8 metre height, two loading docks and B double access. The property also has office facilities and amenities, as well as a truck wash and hard stand area and has parking fronting Redden Street.

A competitive rental of $125 per square metre plus GST has been set with attractive incentives and rent free also on offer depending upon lease term.


* Total area 1,320 sqm approximately
* Height minimum 8 metres
* Includes loading docks, truck wash, B double access, office and amenities
* Would suit logistics and transport companies
* Available now with attractive rental incentives and rent free period subject to lease term
* Rental $125 per square metre per annum plus GST plus portion of outgoings

Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 32 years and incorporates three departments into the one office; a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.

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Property History for 40-44 Redden St, Portsmith, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$11,500,000
13 Mar 2024
Listed for Rent
$3.16k/w
30 Nov 2022
  • 13 Mar 2024
    Sold for $11,500,000
  • 05 Mar 2021
    Listed for Rent - Price not available

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About Portsmith 4870

The size of Portsmith is approximately 15.6 square kilometres. It has 2 parks. The population of Portsmith in 2011 was 236 people. By 2016 the population was 248 showing a population growth of 5.1% in the area during that time. The predominant age group in Portsmith is 20-29 years. Households in Portsmith are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Portsmith work in a trades occupation. In 2011, 58.8% of the homes in Portsmith were owner-occupied compared with 60% in 2016..

Portsmith has 547 properties. Over the last 5 years, Houses in Portsmith have seen a 60.82% increase in median value, while Units have seen a -19.00% decrease. As at 31 October 2024:

  • The median value for Houses in Portsmith is $533,346 while the median value for Units is $383,978.
  • Units have a median rent of $0.
There are currently 1 property listed for sale, and 2 properties listed for rent in Portsmith on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Portsmith.

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