$95,000
1 Bed • 1 Bath • 0 Car
New
Sold
Sold
324/175 Lake St, Cairns City QLD 4870
$95,000
- 1Bed
- 1Bath
- 0 Car
Unit Sold on Thu 31 Jan, 2019
What's around Lake St
Unit description
“Strong cash flow investment opportunity”
Cascade Gardens Holiday Apartments are located one street back from the beautiful Cairns Esplanade, just 5 minutes walk to the night markets and only 5 minutes walk to Cairns marina. Simply said the location is perfect.
Unit 324 is uniquely located in the complex to capture the afternoon southern breezes that blow year round in Cairns. This apartment features a near new kitchen & bathroom, air-conditioning and mostly new furniture making the unit a favourite for guests.
Currently tourism in Cairns is booming with occupancy rates and room rates increasing across the region. Many major investors, such as billionaire Syrian investor Ghassan Aboud, are betting on this tourism trend to continue and showing their confidence by spending hundreds of millions of dollars on new hotel developments in the city.
With fantastic management in place and offering strong returns this unit is sure to impress so please do not hesitate to contact Shaun Craike for further details or to inspect the property today.
NB: Please note that this property is zoned short term accommodation and there are restrictions on long term tenancies.