335/175 Lake Street, 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, is immaculately presented and features an internal laundry. There is also ample secure off-street parking for guests. The quality of the property for this price is unbeatable.

While international tourism may have temporarily slowed down the domestic tourism market is absolutely booming and occupancy rates for this holiday let property are extremely strong.

This apartment ticks every box and is priced very competitively. 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
Unit size: 52sqm
Current rent: Holiday let at a nightly rate
Body corporate fees: Approx $5,329pa
Council rates: Approx $2,600pa