1/62-66 Abbott StreetCairns City QLD 4870
Property Details for 1/62-66 Abbott St, Cairns City
Last Listing description (December 2025)
Discover a rare commercial investment opportunity in the heart of Cairns vibrant CBD. The well-located premises at 1/62 Abbott Street, currently leased to the popular Mykonos Grill and Yiros Bar, blends strong tenancy with exceptional visibility, steady foot traffic and ongoing income.
Prime location advantage: Positioned within Cairns City's bustling dining precinct, the venue benefits from high pedestrian traffic, including metres from the famous Cairns Night Markets, proximity to the Esplanade, all the major hotels, apartments, and tourist attractions plus a popular route for Cruise Ship passengers.
Property profile: A compact, fully-equipped unit within the boutique complex of "Il Palazzo Boutique Hotel"-offering a streamlined, low-maintenance space, ideally suited for long term food and beverage operations and one of only three in the building.
Investment appeal: Whether you're an investor seeking capital growth and passive rental income or just a savvy investor who knows the spot and knows hospitality is alive and well in Cairns, this opportunity delivers a taste of Mykonos right here in Cairns.
Property History for 1/62-66 Abbott St, Cairns City, QLD 4870
- 01 Nov 2025Sold for $680,000
- 12 Sep 2025Listed for Sale Contact Exclusive Agents RWC Cairns
- 25 Apr 2005Sold for $398,200
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About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% 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 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.
Cairns City has 3,417 properties. Over the last 5 years, Houses in Cairns City have seen a 60.75% increase in median value, while Units have seen a 56.07% increase. As at 31 July 2026:
- The median value for Houses in Cairns City is $734,411 while the median value for Units is $606,586.
- Houses have a median rent of $488 while Units have a median rent of $600.
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