3/59-61 Spence StreetCairns City QLD 4870
Property Details for 3/59-61 Spence St, Cairns City
Last Listing description (July 2026)
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
- Leased to a quality tenant at $45,000 + GST + Outgoings
Don't miss this opportunity to secure a commercial asset in one of Cairns' most coveted locations. Contact us today for a full information memorandum or to arrange an inspection.
Property History for 3/59-61 Spence St, Cairns City, QLD 4870
- 06 Jul 2026Listed for Rent - Price not available
- 17 Sep 2025Sold for $609,000
- 09 Dec 2024Listed for Sale Contact Agent
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0About 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 66.79% increase in median value, while Units have seen a 74.63% increase. As at 30 June 2026:
- The median value for Houses in Cairns City is $750,251 while the median value for Units is $638,168.
- Units have a median rent of $598.
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