327/175 Lake St, Cairns City QLD 4870

When looking for an investment property there are several factors to consider including location, quality of the property, rental returns and opportunity for capital growth. This fantastic one bedroom apartment ticks these boxes.

This apartment is located within Cascade Gardens Holiday Apartments which is situated one street back from the beautiful Cairns Esplanade, just 5 minutes walk to the night markets, our famous fresh food markets Rusty market and only 5 minutes walk to Cairns marina. Simply said the location is perfect.

This apartment is generous in size with 52m of floor space, has recently had a new kitchen installed, near new air conditioners in living and bedroom, plus internal laundry. There is also ample secure off street parking for guests. The quality of the property for this price is unbeatable.

Currently tourism in Cairns is booming, this is evident through record airport numbers and increasing occupancy rates through hotels in the Cairns region. A look around the Cairns esplanade of a evening will show you just how alive the city is.

With the list of developments happening in Cairns increasing by the day smart money is buying up property now. Over next 3-4 years many economists are predicting Cairns will see substantial growth. Do your research Cairns is on the verge of seeing a major market shift.

This apartment ticks every box and is priced very competitively to sell today. Do not miss your opportunity enquire today.

NB: Please note that this property is zoned short term accommodation and there are restrictions on long term tenancies.

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THE FACTS
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Year built: Approx 1990's
Current rent: Holiday let at a nightly rate
Body corporate fees: $5,447pa
Council rates: Approx $2,400pa
Sinking & Admin fund balance: $134,000