5/77 Spence Street

Currently returning $1,200 per week fully furnished with tenants keen to remain, this is a rare opportunity to secure a large-scale inner-city apartment delivering strong holding income without compromising on quality, size or location. Architecturally designed and tightly held, Beaumont on Spence is one of Cairns' more distinctive residential addresses. A thoughtful mix of apartments and townhouses, the complex offers a level of individuality and scale rarely found within the CBD apartment market. Positioned privately at the rear of the complex, Apartment 5 delivers exceptional proportions at 178sqm and a level of peace and separation difficult to achieve in such a central location. Secure gated entry (vehicle and pedestrian) leads to a well-maintained complex with basement parking and pool facilities. From here, a short flight of stairs brings you to a residence that feels more like a private home than an apartment. Inside, generous open plan living and dining areas flow seamlessly to a substantial undercover entertaining area complete with aluminium privacy shutters, creating a genuine indoor-outdoor living environment highly attractive to both owner occupiers and executive tenants alike. The centrally positioned kitchen has recently undergone significant upgrades, featuring granite benchtops and newly replaced high-end Fisher & Paykel appliances including induction cooktop, steam oven, pyrolytic oven, carbon infused exhaust fan and dishwasher, all complemented by extensive storage throughout. The master suite is privately positioned away from the remaining bedrooms and features a walk-through wardrobe, double granite vanity and oversized dual-head shower, with direct access onto the outdoor entertaining area. Two additional bedrooms provide excellent flexibility for tenants, guests or work-from-home living, further strengthening the property's broad market appeal. Features include: Expansive open plan living and dining with excellent natural flow Large undercover entertaining area with privacy shutters, TV point and hose connection Upgraded kitchen with granite benchtops and premium Fisher & Paykel appliances Master suite with walk-through wardrobe, double vanity and oversized shower Two additional bedrooms with built-in wardrobes, one with private balcony access Main bathroom with granite vanity and shower over bath Internal hideaway laundry with quality AEG 10kg front load washing machine and matching heat pump dryer Split system air-conditioning throughout, tiled living areas and carpeted bedrooms Security screens, DC ceiling fans and excellent internal storage throughout Single secure car space with lock-up storage Additional information: Currently rented fully furnished at $1,200 per week with tenants keen to remain for a further term Comprehensive furniture inventory included with the purchase Body Corporate: $6,608.02 per annum with a healthy sinking fund balance of $138,187.34 as at 01/04/2026 Council Rates: Approx. $3,300 per annum Beaumont on Spence was built in 2002 and comprises just 18 residences Apartment 5 consists of 123sqm internally + 55sqm of balconies, plus exclusive use car accommodation and storage Positioned directly opposite Cairns Central Shopping Centre, with dining, cafés, retail and entertainment literally at your doorstep, the convenience here is exceptional. Cairns Base Hospital, the Esplanade precinct and Domestic and International Airports are all within easy reach, supporting ongoing tenant demand and long-term investment appeal. Spacious, private and delivering strong rental returns from day one, this is a standout opportunity within one of Cairns' more tightly held apartment complexes. Don't miss your chance to inspect, call David Hall on 0491 332 700 today.