29-31 Spence Street,
Cairns City, QLD 4870
Offices • Shops & Retail
Key property information
Land area
Floor area
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Map of 29-31 Spence Street
SOLD by Colliers
Colliers Cairns is delighted to present for sale 29-31 Spence Street, Cairns City - spanning 746m2 (approx.) of floorspace on a 506m2 site and ideally positioned within a 500m radius of Cairns Central Shopping Centre, Cairns Cruise Liner Terminal, multiple University campuses and the beautiful Cairns Esplanade.
Offered to market for the first time in almost 2 decades, this substantial inner-city freehold building provides an opportunity for either owner occupiers to set up a new home for the future, or investors with a vision looking to attract a tenant with high foot traffic and excellent visibility.
The property is under a single title, split into 2 separate tenancies (upstairs & downstairs), comprising:
1st Floor
Now offered with vacant possession, the 1st floor tenancy has been home to Destination Cairns Marketing for well over a decade and provides a total of 9 partitioned offices, storeroom, meeting room, kitchenette and bathroom facilities across 240m2 (approx.) of NLA. A substantial awning covering the footpath to the curb provides excellent signage opportunities, and comfort for clientele.
Ground Floor
The ground floor tenancy has been home to various restaurants and night club venues over time, but presents in need of new vision and energy to transform to fit a modern use case. The front half of the tenancy offers an open dining/entertaining area, with a commercial kitchen shell, store rooms, bathrooms and storage to the rear, with additional mezzanine level storage. This expansive, 506m2 (approx.) space is built to all boundaries, but has been vacant for the best part of a decade and would require extensive refurbishment/redevelopment prior to occupation.
Presented for sale as the long-term owners retire and relinquish the 1st floor space, this is a rare opportunity to secure a part of the heart of Cairns' CBD.
29-31 Spence Street is for sale with offers over $1.1M.
For more information or a copy of the Information Memorandum, contact the agent.
*approximately
^outlines indicative only
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.
Offered to market for the first time in almost 2 decades, this substantial inner-city freehold building provides an opportunity for either owner occupiers to set up a new home for the future, or investors with a vision looking to attract a tenant with high foot traffic and excellent visibility.
The property is under a single title, split into 2 separate tenancies (upstairs & downstairs), comprising:
1st Floor
Now offered with vacant possession, the 1st floor tenancy has been home to Destination Cairns Marketing for well over a decade and provides a total of 9 partitioned offices, storeroom, meeting room, kitchenette and bathroom facilities across 240m2 (approx.) of NLA. A substantial awning covering the footpath to the curb provides excellent signage opportunities, and comfort for clientele.
Ground Floor
The ground floor tenancy has been home to various restaurants and night club venues over time, but presents in need of new vision and energy to transform to fit a modern use case. The front half of the tenancy offers an open dining/entertaining area, with a commercial kitchen shell, store rooms, bathrooms and storage to the rear, with additional mezzanine level storage. This expansive, 506m2 (approx.) space is built to all boundaries, but has been vacant for the best part of a decade and would require extensive refurbishment/redevelopment prior to occupation.
Presented for sale as the long-term owners retire and relinquish the 1st floor space, this is a rare opportunity to secure a part of the heart of Cairns' CBD.
29-31 Spence Street is for sale with offers over $1.1M.
For more information or a copy of the Information Memorandum, contact the agent.
*approximately
^outlines indicative only
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.
Cairns City, 4870 demographic data
3,616
Population
$1,627 per week
Median household income
44 years
Median age
Renters
Most residents
Families
Most households
29-31 Spence Street
Cairns City, QLD 4870
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CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870
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