286 Lake Street, Cairns North QLD 4870

Seize this opportunity to purchase the entire block of seven fully self-contained apartments, updated whilst retaining classic period charm, on a 899m2 block, only 50-metres to the Esplanade.

Currently utilised as long-term residential apartments with an annual income of over $150,000 you can easily AirBNB with a potential income of $300,000 per annum.

This architecturally stunning building comprises 5 x 2 bedroom, 1 x 1 bedroom and 1x studio apartment - each with open plan living, bedrooms, bathroom, modern kitchen, covered balconies, laundry facilities and parking for one-vehicle.

Classically appointed throughout with stunning polished timber flooring, french doors onto the private balconies, some with sea views, extra high ceilings and capturing cooling ocean and mountain breezes - the perfect setting for guests or tenants to relax, unwind, and look forward to their stay.

Features include split system air-conditioning, stone benches, ceiling fans, security screens, and storage; each apartment comes fully and partly furnished, it is a complete turn-key package.

- No Body Corporate Fees - high-yield investment
- 5 x 2 bedroom, 1 x 1 bedroom apartment and 1 x Studio apartment
- Period features of classic casement windows, french doors, polished timber floors and extra high ceilings
- Fully renovated and partly renovated self-contained separately metered apartments with balconies
- Inground swimming pool and parking for 7 cars
- 899m2 block - Zoned Tourism

Within walking distance to Cairns Hospital, Esplanade, moments to the airport and close to the fabulous boutique dining, parkland and the foreshore of Cairns, this is an opportunity not to be missed, call Alli for your full prospectus!