10/221-225 Lake Street, Cairns North QLD 4870

You’re 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.