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.
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
* Low maintenance
For investors:
Price: Mid $200,000s
Rental Appraised: $390 – $420 per week
Rates: $2,600 approximately per year
Body Corporate approximately : $10,157.75 (20% discount for prompt payment of levies – total discounted annual fund payable for this lot $8,126.20
Potential rental Yield: Approximately 4.5% – 5%
(Estimate only)
Potential rental income: $21,840 (Estimate only based on the current market)
The apartment can be used as holiday let providing a greater rental Yield and revenues. Current value $150 – $200 per night.
Call Claudio now to organise your private inspection now!
* Currently tenanted till March 2022 – 24 hours minimum of notice needed
** Furniture in the photos are digitally created.