34/62 Abbott Street, Cairns City QLD 4870

Unit 34, 62 Abbott Street, Cairns City is located in the city centre complex of "IL PALAZZO Boutique Hotel" and offers a fantastic Airbnb or Rental income. The owner is reducing their investment portfolio, so now is your prime chance to purchase a great inner-city property.

* Top floor unit located in a prime inner-city boutique hotel
* Fully furnished third floor apartment
* One bedroom with en-suite
* Tidy kitchen with electric cooking
* Combined lounge & dining area
* 65 inch BIG screen Smart TV
* Air-conditioned
* Dual access to the bathroom and living area
* Large bathroom/laundry furnished with washer/dryer
* Walking distance to the Night Markets, Esplanade & Lagoon, Marina, cafes & restaurants, public transport and more
* Positioned in a complex offering a central courtyard, heated pool with gazebo & BBQ, rooftop sundeck, lift, beauty salon, dry cleaning & secretarial services and onsite residential manager

AirBnB Income example*
Expected average nightly rate $155 (plus cleaning and booking fees separately charged) at 80% occupancy rate pa.
Less Electricity - $1,800 pa.
Less BC fees - $5,116.90 pa.
Less Council Rates - $2,528.22 pa.

Potential Net Income for this property $35,636 (18% ROI)

(*All figures are estimated only, don’t include costs that apply to miscellaneous add-ons and are subject to change. Buyers must make their own inquiries and satisfy themselves of any possible returns for this property).

Approx Rental Income $350 per week