108 Spence Street,
Parramatta Park, QLD 4870
Warehouse, Factory & Industrial • Shops & Retail
Key property information
Floor area
Tenure type
Sold on
Knight Frank - Cairns
1st Floor, 32 Sheridan StreetCAIRNS CITY, QLD 4870
04079640...
108 Spence Street
Parramatta Park, QLD 4870
Map of 108 Spence Street
Tenanted Investment
Listed for sale is this entry level tenanted investment, just a stone's throw from the CBD.
Leased until October 2027, the property, has a near new roof, is fully insulated, freshly painted inside and out, with a tenant in place.
The tenant has a thriving business and is keen to renew. Please note it is only the freehold for sale and not the going concern.
Future upside potential exists with the zoning allowing for mixed use commercial and 3 off street car parks allow for holding income now and a conversion to office or storage in the future.
* 325 sqm building suited to warehouse or retail
* Tenant pays all outgoings
* CBD fringe zoned Mixed Use Precinct 1 - Commercial
* 405 sqm freehold allotment
* Asking price $895,000
Leased until October 2027, the property, has a near new roof, is fully insulated, freshly painted inside and out, with a tenant in place.
The tenant has a thriving business and is keen to renew. Please note it is only the freehold for sale and not the going concern.
Future upside potential exists with the zoning allowing for mixed use commercial and 3 off street car parks allow for holding income now and a conversion to office or storage in the future.
* 325 sqm building suited to warehouse or retail
* Tenant pays all outgoings
* CBD fringe zoned Mixed Use Precinct 1 - Commercial
* 405 sqm freehold allotment
* Asking price $895,000
Parramatta Park, 4870 demographic data
The median household income for Parramatta Park is $1,211, 20% lower than Regional Queensland's household income of $1,507. Parramatta Park has a younger age profile compared to the rest of Regional Queensland (median age 33 vs 41). Property ownership data shows 57% of property owners in Parramatta Park have a mortgage.
3,621
Population
$1,211 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
Knight Frank - Cairns 1st Floor, 32 Sheridan Street
CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870
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