27/249-255 Esplanade, Cairns North QLD 4870

You are welcome to inspect unit 27 at 249-255 Esplanade.

Located on the fifth floor with stunning views from every window this amazing apartment will take your breath away.

Coral Tower is spectacularly positioned at the north end of the esplanade and is close to everything! Within walking distance to the CBD, Cairns Central shopping centre, Cairns Base Hospital, Restaurants, Cafés, Cairns Marina and more!

With stunning and uninterrupted views over the Esplanade this huge apartment has over 120m2 of floor area including a secure car park.
It's like you are on holidays every day!

Features include:

* Two large bedrooms both with fantastic views
* Two bathrooms - one off the main bedroom
* Modern kitchen with lots of storage and benchtop space

* Large open plan living
* Internal Laundry

* Balcony with sea views
* Plenty of natural light

* Secure parking

* Shared swimming pool
* Heated SPA in the complex

* Tour desk in the complex

* Lift/Elevator in the complex

* Fantastic views of the Coral Sea

For investors:

Price: Offers in the high $400,000's
Current Rent: $400 till January 2023
Rental Appraised: $550 - $600 per week
Holiday let: $200 - $300 per night (depending on the season)
Rates: $2,700 approximately per year
Body Corporate: $8,800.22 per year (Discounted annual funds for prompt payment)

Potential rental Yield: Approximately 5% (Estimate only)
Potential annual rental income: $31,200 (Estimate only)
Potential Holiday let Yield: Approximately 8% - 11% (Estimate only)

Currently leased - A notice of 24 hours is needed to inspect the property.
Call Claudio now to organise your private inspection

* Rental Yield and Rental Income are approximate and based on the current market
**Photos have been digitally cleared and digital furniture applied
***Currently tenanted till January 2023