5/22 Spence Street, Cairns City, QLD 4870

Retail | Offices

Leased

  • Property ID: 426835
  • Floor Area: 127m²
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Sold / Leased Results

Name Result Date Floor Land Result Price
Leased 27/03/2024 127m2 N/A N/A
Prominent retail site - with landlord incentives

Only one site left in this high profile building - bring your business to life along side other well established businesses. One of Cairns City's flagship positions on the corner of Spence and Lake Streets is now available on the prominent ground floor tenancy.

Lease Incentive:
• Landlord Contribution to Fit Out for the right tenant

• Central Hotel building | Significant city location | Heritage-listed building

Typically tightly held, this is a rare opportunity to lease this prominent Cairns CBD corner. The stark white building with wrap-around verandah is a famous landmark for the local community. Built-in 1908-09 for a prominent Cairns businessman the first licensees of the Central Hotel established what was regarded as one of the best-appointed hotels in Far North Queensland, over the years the building has been refurbished to make way for a mix of tenancies all varying in nature but still providing both food and entertainment in this grand old building.

Current tenants include:
• Mai Sai Pac Chee - Thai Restaurant
• New Exciting Tenant Opening Soon
• The Kulture Hub - Cafe
• Dusk & Bloom - Tattoo
• Anya - Thai Massage
• Tao - Karaoke Bar
• The Republic - R&B Night Club
• Miss Chief - Bar & Grill
• Heritage Night Club

Key attributes of the property include:
• Floor area 127sqm
• Corner site frontage to both Spence and Lake Street
• Walking distance to Reef and Cruise liner terminals, Casino, Waterfront and Esplanade and a host of accommodation venues
• The site remains amongst the best Cairns has to offer
• Well-established business precinct

The vibrancy of Cairns remains with record numbers either moving permanently or on holidays from interstate and overseas, with an influx of cruise liners set to disembark across 2023 and beyond.

For more information or to organise an inspection please contact Grant Timmins or Susan Doubleday - RWC Cairns.

Cairns City Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $9634 $432 4.49%
Offices $3410 $422 12.39%
This is the average advertised price, rent and yield for Cairns City, QLD 4870*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in QLD for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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