FOR SALE
CONTACT AGENT

Contact Agent
Cairns North QLD 4870

Bedrooms: 25
Bathrooms: 11
Car spaces: -
Land area: 1027m2
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Approved Backpackers/Boarding House in Cairns!

Seize the opportunity to invest in a meticulously upgraded and fully council-approved backpackers/boarding house located in the heart of beautiful Cairns. This property features 34 rooms including a one-bedroom unit for caretaker with a capacity for 52 guests + caretakers, perfectly positioned on Sheridan Street – the main thoroughfare connecting the city to the international airport. Just three blocks from the renowned Cairns Esplanade, this is a prime spot for attracting both international travelers and local boarders.
Investment Highlights:
- High Returns Potential: Achieve a solid 12% return as a boarding house, with potential for increased profitability as a backpackers’ accommodation by capitalizing on rising room rates and tour packages.
- Extensive Upgrades & Improvements: The property has undergone significant enhancements, including:
- Renovations & Repairs: New architectural plans, upgraded electrical systems, new flooring, extensive plumbing upgrades, and refreshed paint externally and internal common areas and many rooms.
- Room Enhancements: New curtains, blinds, large fridge/freezers, beds & mattresses in many, linen, and crockery. Rooms feature energy-efficient lighting.
- Facility Upgrades: Modernized kitchen, renovated bathrooms, new pool pump motor, new hot water system and extensive plumbing upgrades, upgraded pool fence, and extensive landscaping. Also 40kW of solar installed only two years ago.
- Safety & Security: Enhanced fire safety with new smoke alarms and fire hydrants, upgraded front gate with a keypad lock, and improved security systems and WIFI.
- Convenience Additions: Coin-operated boxes for air conditioning units in rooms and coin operated laundry facilities.
Additional Features:
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Property Details for Contact Agent, Cairns North

Contact Agent, Cairns North is a 25 bedroom, 11 bathroom BlockOfUnits. The property has a land size of 1027m2. The place is currently for sale with Powerhouse Property Cairns.

Building Type
BlockOfUnits
Land Size
1027m2

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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 3,946 properties. Over the last 5 years, Houses in Cairns North have seen a 36.51% increase in median value, while Units have seen a 62.05% increase. As at 31 October 2024:

  • The median value for Houses in Cairns North is $644,909 while the median value for Units is $392,455.
  • Houses have a median rent of $575 while Units have a median rent of $470.
There are currently 37 properties listed for sale, and 43 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Cairns north.

Suburb Insights for Cairns North 4870

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Contact agent
Kate Fern
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Paris Cream
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Powerhouse Property Cairns
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.