2 Bedroom Apartment Super Investment in Resort Hotel

232/191 McLeod Street, Cairns North, QLD 4870

2 bed1 bath1 car
**PRICE REDUCED considerably, owner's circumstances changed and needs it SOLD!!!
Tradewinds McLeod Holiday Apartments offers 2 bedroom Fully Furnished Self Contained Holiday apartments of 69sqm for tourists and corporate guests either locally or from anywhere in the world to come and stay while they visit the region for holiday or work. Just on the fringe of the city out of the noisy night life with shops just over the road and walking distance to the esplanade and the city with plenty of public transport available.

This Apartment is Managed by the On-Site managers and well looked after and is ready to start earning you income from day one.

Currently the hotel is running a yearly average of around 75% occupancy and has room to increase and is doing so at around 5-10% per year as is the rental income going to owners. Do the sums, you cant go wrong.

A Brand new website has just been commissioned and proving to be a great asset for the hotel.

Call for more information or an appointment to view or just drop into reception.

Body corp. fees approx. $86 p/w
Council rates and water approx. $46 p/w
Rent permanently at $290/week, Rent achievable with holiday letting approximately $470.00 p/w (Increasing approximately 5-10% yearly over last 5 years)
Purchase price $165,000
Gross Yield around 8.5%(Permanent) 15% (Holiday Let)
On-site maintenance personnel for any maintenance to your apartment, no call out fees
CCTV throughout

Property Description
2 Bedrooms all with built ins and fully furnished
1 Bathroom/Laundry
Ceiling fans to all rooms
Open plan living and dining area
New Airconditioning to all rooms via new Daikin multi split
Security screens to all windows and balcony doors
Security gates front of complex
Large inground swimming pool great for the kids while on holidays
New BBQ Area
Walk to bus stop, super markets, take-away shops for guests convenience
Great onsite managers to protect and grow your investment

Watch your investment portfolio grow with excellent presentation and management to the Security gated complex complimented by lush landscaping, Walk to shops and transport for holiday guests ease makes this a must, act now.

A new development just over the road, a dining precinct will increase the returns and value of this property in the coming years. As well as the new AQUIS resort being built in Cairns will start the are moving, act now before prices rise.

* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite Property Pty Ltd and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property Pty Ltd , its principals, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.

Main details

Price:$139,999Address:232/191 McLeod StreetSuburb:Cairns NorthPost Code:4870Type:ApartmentBedrooms:2Bathrooms:1Car Spaces:1Floor Plans:View

Indoor Features

Air ConditioningAir Conditioning
Built In RobesBuilt In Robes

Outdoor Features

Entertaining AreaEntertaining Area
Secure ParkingSecure Parking

Additional Features

Living Areas:1Open Spaces:1Other Features:balcony/patio/terrace, modern bathroom, modern kitchen, renovated, renovated bathroom, renovated kitchen, bbq, garden, shower facilities, security windows, swipe card, close to parklands, close to schools, close to shops, close to transport, near waterfront, quiet location, views, resort property, non smoking, internal laundry

Schools in and around Cairns North

815m from propertySecondaryPublicNon-Denominational
1.2km from propertyPrimary & SecondaryPrivateCatholic
1.4km from propertyPrimaryPublicNon-Denominational
1.5km from propertyPrimary & SecondaryPrivateCatholic
1.6km from propertySecondaryPublicNon-Denominational