The Bolands Centre, 14 Spence Street, Cairns City, Qld 4870

One of North Queensland's most significant commercial investments, The Bolands Centre at 14 Spence Street, Cairns, has come to market. This landmark property occupies the premier corner of Spence and Lake Streets in the heart of the Cairns CBD. Renowned for its prominent location and strong commercial presence, the property represents a rare opportunity within one of the region's most sought after business precincts.  

Originally established more than a century ago and meticulously restored throughout in 2007-2009 to the tune of just over $9 million, this prestigious property stands as one of Cairns' most prominent city landmarks gracing the Cairns city landscape for 114 years.

The property comprises approximately 3,711 sqm of lettable area across three levels, supported by a substantial 2,362 sqm CBD landholding with prominent dual street frontage. 

Investors will be attracted by the security of just over a 10 year head lease which commenced 1 November 2025, generating $1 million per annum net income, together with five further 5 year options, delivering exceptional long term cashflow certainty. 

Investment Highlights:
• Trophy CBD asset with unrivalled landmark status
• Prime corner position at Lake and Spence Streets
• 10 year WALE plus 5 x 5 year options
• Lettable area comprising 85% commercial and 15% retail
• 7% net return 
• 5-star NABERS Energy Rating 
• Fully restored heritage building with exceptional presence
• Rare opportunity to acquire a generational Cairns investment asset 

www.bolands.com.au

For Sale by Private Treaty.