Youâre welcome to inspect unit 10 at 221 Lake Street
Positioned on the fringe of the Cairns CBD, opposite to the Cairns Base Hospital and only a street back from the Cairns Esplanade, this apartment it is an ideal investment opportunity for the astute investor or owner occupier.
Solidly built complex with security gate, fully fenced, undercover parking and sparkling in-ground pool.
Features include:
* Two bedrooms
* One neat and tidy bathroom with separate toilet
* Open plan living
* Kitchen with plenty of cupboard space and ample bench
* Internal laundry
* Tiled living and wet areas
* Quality carpets to bedrooms
* Airconditioned
* Balcony
* One secure allocated basement car parking space
* Secure and gated complex
* Shared pool
* Five-minute drive from Cairns International Airport
* Across the road from Cairns Base Hospital
* Minimal maintenance
For investors:
Price: Offers in the Mid $200,000's
Rental Appraised: $390 – $440 per week
Rates: $2,600 approximately per year
Body Corporate approximately: $8,126.20 with prompt payment of levies ($10,157.75 with no prompt payment of levies) – The complex had the roof re-done that is why the body corporate fees went up.
Potential rental Yield: Approximately 4.5% – 5% (Estimate only)
Potential rental income: $22,880 (Estimate only based on the current market)
The apartment can be used as holiday let (Airbnb) providing a greater rental Yield and revenues. Current value $150 – $240 per night.
Call Claudio now to organise your private inspection now!
* Currently tenanted till March 2022 – 24 hours minimum of notice needed
** Furnitureâs in the photos are digitally created.