This lovely fully furnished ground floor 2 bedroom holiday apartment with a great pool view is in the Tradewinds McLeod Holiday Apartments on the fringe of the city in the perfect location for families to come and enjoy Cairns from.
Prices are quite low in Cairns right now, so come and grab a bargain before the rush starts again and prices begin to rise. This apartment has been almost completely refurbished. Zoned by the council as “Short Term Accommodation Only”, cannot owner occupy.
The unit is fully furnished all the way down to the last tea spoon, so all people need to do is go shopping for groceries.
Holiday guests enjoy the convenience of a HUGE inground swimming pool and BBQ area, secure parking along with on-site management for tour bookings and a great unit to stay in with a full kitchen and cooking facilities and their own private bedrooms great for when the kids are sleeping and parents want to stay up late and watch movies. The unit has open plan living area and is quite spacious for a family of 5 people. At approximately 69sqm it gives you plenty of room to move.
The Tradewind McLeod Holiday Apartments has not long ago taken on new management and the young and vibrant managers are very enthusiastic, full of energy and are growing the business and owners returns at a rate of approximately 10%/year over the last 3 years they have been there and looks like continuing. Cairns is a growing area with an increase of international tourists, especially Chinese coming into the region, more and more international flights are being scheduled to come into Cairns all the time. With the new Aquis super resort casino in the pipe line, things will only improve.
Current returns for holiday units within this complex are $13-$15000 nett. Perment letting returns are around $10-11,000 nett and not likely to increase where holiday letting is on the rise looking at the last 3 years. Benefit of on-site management for your unit is that it is always under supervision and maintenance is always kept up to date and it is well looked after and there is always an income for you unlike with permanent tenants, once they leave you maybe a month without income before new ones are put in. Onsite maintenance personnel look after maintenance of your unit to save you huge call out fees for tradesman for small repairs in turn increasing your returns.
A mixture of holiday letting and corporate clients fill the complex on a regular basis with an average occupancy of around 72% over a year, as you can see there is plenty of room to still increase your returns and the current young managers are doing a great job at doing just that. They have plans to begin early next year a large marketing compaign to increase bookings over the next year and from the research they have done already into this they are likely to succeed quite well.
Tradewinds McLeod Holiday Apartments has gained quite a good name over the last few years and considerable return guests and corporate clients, one of the larger ones being the Dept. of Defence and with the goverment planning to increase the prescense of defence personnel in Cairns this business should also increase making your investment worth more.