FOR SALE
Offers over $1,300,000

35 Digger Street
Cairns North QLD 4870

Bedrooms: 6
Bathrooms: 6
Car spaces: -
Land area: 1038m2
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Under Contract with Tom Quaid

Under a single ownership since construction, this rare full block of 6 apartments provides a unique opportunity for both rental income and upside in a key location just 2 blocks from the Cairns Esplanade. Colliers Cairns is proud to present for sale, with offers over $1,300,000 for 35 Digger Street, Cairns North.
Of late 1960s construction, 35 Digger Street features 6x 1 bedroom, 1 bathroom apartments across 2 storeys, with original masonry block and brick veneer construction.
Each apartment provides open plan living and dining, galley style kitchen and full bedroom and bathroom, with ceiling fans and air-conditioned living. The majority have recently updated flooring and kitchens, with room to improve and capitalise on the income potential. There is a single shared laundry facility.
5 of the 6 apartments are currently leased (the 6th vacant for the purpose of sale), with the Cairns rental market providing significant upside to the current rents, which have been left mostly untouched for some time.
An increase to $350 per week, per apartment on an unfurnished basis should be readily achievable, with the options of furnishing or further updates readily allowing for a $400+ per week return.
Beyond the existing improvements, the balance of the property provides potential scope to expand, either through subdivision or further construction on the one title. With just over a quarter of an acre (1,038m2), blocks of this size are almost impossible to find in this location.
Given the proximity to both public and private hospitals, and the Cairns Esplanade, there is also potential to turn to short term accommodation or other similar use.
- 6x 1 bedroom, 1 bathroom apartments with shared laundry facilities
- 5x leased, all due to expire before end of 2024
- Potential income of $350 per week, per unit unfurnished in current condition with scope
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Property Details for 35 Digger St, Cairns North

35 Digger St, Cairns North is a 6 bedroom, 6 bathroom BlockOfUnits. The property has a land size of 1038m2. The place is currently for sale with Colliers International (Cairns).

Building Type
BlockOfUnits
Land Size
1038m2

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About Cairns North 4870

The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.

Cairns North has 3,972 properties. Over the last 5 years, Houses in Cairns North have seen a 33.04% increase in median value, while Units have seen a 55.81% increase. As at 31 August 2024:

  • The median value for Houses in Cairns North is $635,500 while the median value for Units is $372,537.
  • Houses have a median rent of $520 while Units have a median rent of $450.
There are currently 41 properties listed for sale, and 26 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 238 properties were sold in the past 12 months in Cairns north.

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Tom Quaid
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Neil Hartley
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Colliers International (Cairns)
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