Cushman & Wakefield Investment Sales is pleased to present 22 Spence Street in Cairns to the market for sale — a fully leased landmark CBD investment offering diversified income, rental growth and long-term strategic value within one of Queensland's premier tourism and lifestyle markets.
Strategically positioned with dual street frontage in the Cairns city centre, the property benefits from immediate proximity to the city's major retail, tourism, entertainment and civic infrastructure, including Cairns Central Shopping Centre, the Cairns Esplanade, Reef Hotel Casino, Cairns Convention Centre and waterfront precinct.
INVESTMENT HIGHLIGHTS
- Fully Leased Landmark CBD Investment
- Diversified mix of retail, hospitality and entertainment occupiers
- 3.60-year WALE by income and 3.73 years by area
- Majority of leases incorporating fixed 4.0% annual rental increases
- No single tenancy contributes more than approximately 21% of passing income
- Substantial 1,702m² Cairns CBD landholding*
- Approximately 1,919m² of net lettable area*
- Prominent dual-frontage corner position
- Landmark heritage-era building dating from circa 1914
- Principal Centre zoning
- Embedded value-add potential through future rental reversion and improved outgoings recovery
- Immediate proximity to Cairns Central, the Esplanade, Reef Hotel Casino, Cairns Convention Centre and waterfront
- Exposure to the continued growth of Far North Queensland's principal commercial and tourism gateway
Net Passing Income: $697,582*
22 Spence Street represents a rare opportunity to acquire a fully leased Cairns CBD investment that offers diversified cash flow, annualised rental growth, an irreplaceable corner position and genuine long-term value-add optionality.
The property is offered for sale via Expressions of Interest closing 4:00pm Wednesday the 16th of September 2026 (AEST).
For further information, access to the due diligence material or to arrange an inspection, please contact the exclusive marketing agents.
*Approximate.
