Cairns City

49-51 Spence St

    The sale represents a prime opportunity to secure a prominent City Corner freehold property which is fully leased. Superbly positioned on the corner of Spence and Grafton Street in walking distance of the Law Courts, Police Station, large corporate towers and many more, the property offers future development potential.
    Improvements to the land area of 1015m2, zoned City Centre, Precinct 1 comprise of a single storey Retail and office complex offering full glass frontages and large signage fascias to each tenancy with car parking at rear accessed by a shared easement.
    The property houses seven tenancies with long standing tenant Karingal St Laurence (trading as IPA) occupying the corner tenancy facing Spence Street alongside four food tenancies and a hairdressing salon facing Grafton Street. The eclectic mix and vibrancy of the food tenancies The Chicken Shed, The Diner, Bury Me Standing and Falafellicious make the building a popular lunchtime haunt for workers in the area.
    Don’t miss this opportunity to secure this prominent corner freehold which is fully leased and offers future development upside.

    • Prominent CBD Corner location
    • Freehold Property
    • Zoned City Centre Precinct 1
    • Positioned in walking distance of the soon to be constructed CQ University
    Law Courts, Police Station and Corporate Hub
    • Fully Leased to 6 tenants
    • Rear tenant parking

    For Sale

    Property Information

    • Building Area
    • Land Area


    Laura Ots


    Email Laura