5 Upward StreetCairns City QLD 4870
Property Details for 5 Upward St, Cairns City
Last Listing description (August 2026)
Located in the heart of the Cairns Medical Precinct, this well-positioned 55sqm* medical/consulting suite offers investors a secure, income-producing asset backed by a committed long term tenant.
Leased through to 2027 with two further two-year options, this is a genuine set-and-forget investment with built-in upside, driven by the ongoing expansion of Cairns Hospital and rising demand for medical and allied health space across Cairns City.
The suite features a flexible layout across three separate consulting rooms plus reception, with lift access to all floors and onsite patient parking. Whether you're an investor seeking long-term income certainty or looking to add a quality medical asset to your portfolio, this is an opportunity not to be missed.
Property Features:
55sqm* medical/consulting suite
Leased through to 2027, plus 2 x 2-year options
Three consulting rooms plus reception
Flexible, functional layout
Lift access to all floors
1 allocated car park, plus patient parking
Located within the Cairns Medical Precinct
Positioned to benefit from Cairns Hospital expansion
For more information or to arrange an inspection, contact Susan Doubleday today.
Property History for 5 Upward St, Cairns City, QLD 4870
- 27 Aug 2026Listed for Sale Contact Agent - Susan Doubleday
- 08 May 2018Listed for Sale Contact Agent
- 10 Oct 2017Listed for Sale Not Disclosed
Recent sales nearby
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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 3,419 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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