$470,000

2 Bed  •  2 Bath  •  1 Car  •  124m²

Main view of Homely apartment listing, 27/249-255 Esplanade, Cairns North QLD 4870
Floorplan of Homely apartment listing, 27/249-255 Esplanade, Cairns North QLD 4870
Second view of Homely apartment listing, 27/249-255 Esplanade, Cairns North QLD 4870
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27/249-255 Esplanade, Cairns North QLD 4870

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$470,000

  • 2
  • 2
  • 1
  • 124m²

Apartment Sold on Thu 29 Sep, 2022

What's around Esplanade

Apartment description

“Prime location! Great to nest or invest!”

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

Property features

airConditioning

Air Conditioning

balcony

Balcony

broadband

Broadband

builtInRobes

Built-in Robes

dishwasher

Dishwasher

fullyFenced

Fully Fenced

intercom

Intercom

outdoorEnt

Outdoor Entertaining

outsideSpa

Outside Spa

poolInGround

In-Ground Pool

secureParking

Secure Parking

Land details

Area: 124m²

Interactive media & resources

Third view of Homely apartment listing, 27/249-255 Esplanade, Cairns North QLD 4870View more
Fourth view of Homely apartment listing, 27/249-255 Esplanade, Cairns North QLD 4870View more

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27/249-255 Esplanade, Cairns North QLD 4870
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