9/186-198 Lake St, Cairns North QLD 4870

NB: This property can be lived in permanently.

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 two bedroom apartment ticks these boxes.

This apartment is located within Palm Court" which is situated next door to the Cairns Base Hospital and just meters to the Cairns Esplanade. Simply said the location is perfect.

This apartment is generous in size with 84m of floor space, has an updated kitchen, near new air conditioner in living room, plus internal laundry. The apartment will be sold fully furnished as per photos. For this price the quality of this property is unbeatable.

Currently Cairns is booming, this is evident through record airport numbers, increasing occupancy rates through hotels in the Cairns region and the large number of developments underway. Currently this apartment has fantastic tenants in place paying $295/week.

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

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THE FACTS
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Year built: 1970's
Unit size: 84m
Current rent: $295/week
Market rent: $300-$310/week
Lease expiry: 21/10/2018
Body corporate fees: Approx $2,263pa (if paid on time)
Council rates: Approx $2,400pa