289 Spence Street,
Bungalow, QLD 4870

Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Shops & Retail

Key property information

Land area

Floor area

Parking info

Property extent

Zoning

Tenure type

Sold on

Map of 289 Spence Street

Directions

High Exposure Industrial Investment

Tenanted Investment
Corner Block - Visibility
Office/Workshop/Hardstand

This prominent industrial property is located on the corner of Spence and Brown Streets in the industrial precinct of Bungalow in Cairns.

An expansive 1110sqm block features 250sqm of office space, a separate workshop of 130sqm and 420sqm of concrete hardstand. Truck access is provided for in addition to ample parking space both on and off street. The well constructed, two level building is highly visible and offers a second floor balcony.

The property is fully fenced with a well landscaped display yard - maintained in excellent condition by the tenants, and disabled facilities are available.

Currently leased to a government tenant through to 2015 at $53,626pa + GST (plus option), this excellent industrial property is ready to start paying for itself from day one.

Bungalow, 4870 demographic data

The median household income for Bungalow is $1,121, 26% lower than Regional Queensland's household income of $1,507. Bungalow has a younger age profile compared to the rest of Regional Queensland (median age 38 vs 41). Property ownership data shows 51% of property owners in Bungalow have a mortgage.

2,358

Population

$1,121 per week

Median household income

38 years

Median age

Renters

Most residents

Families

Most households