4/95-97 Spence StreetPortsmith QLD 4870
Property Details for 4/95-97 Spence St, Portsmith
Last Listing description (May 2023)
Unit 4, 97 Spence Street has been tenanted by Commonwealth Government (Department of Defence) since 2015. The lease start date concluded on the 6th of September 2020 with a term of 5 years + 5 year option.
This unit is one of just five in the complex and is the only ground floor suite, making it unique to the building. It's total area is 214m2 and is allocated 2 rear exclusive secured car parks.
The office is fully fitted out, carpeted and airconditioned and consists of 5 offices, a reception area, general work area, training room, lunch area and newly installed internal toilets and showers.
Rent reviews are 3% fixed PA for each year of the lease and further option period. Outgoings are paid by lessee in addition to rental.
This is a fantastic investment piece in the Cairns region. Contact Danny Betros for more information.
Property History for 4/95-97 Spence St, Portsmith, QLD 4870
- 19 Nov 2025Sold for $1,390,000
- 26 Aug 2021Sold for $1,160,000
- 04 Feb 2021Listed for Sale Contact Agent
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0About Portsmith 4870
The size of Portsmith is approximately 15.6 square kilometres. There are 2 parks within the area. The population of Portsmith in 2016 was 260 people. By 2021 the population was 314 showing a population growth of 20.8% 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 over $4000 per month on mortgage repayments. In general, people in Portsmith work in a clerical occupation.In 2021, 50.00% of the homes in Portsmith were owner-occupied compared with 60.00% in 2016.
Portsmith has 562 properties. Over the last 5 years, Houses in Portsmith have seen a 53.71% increase in median value, while Units have seen a 79.15% increase. As at 31 May 2026:
- The median value for Houses in Portsmith is $571,872 while the median value for Units is $474,823.
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