FOR SALE
Under Contract with Tom Quaid

65 Casuarina Street
Holloways Beach QLD 4878

Bedrooms: 6
Bathrooms: 6
Car spaces: 4
Land area: 607m2
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Waterfront Unit Block - 4 Units, 1 Title

Offered for the first time since construction, this rare full unit block enjoys a prime position on the Holloways Beach waterfront and offers 4 units on a single title - 2x 2 bedroom, 2x 1 bedroom.
Of circa 1975 vintage, the complex is of block construction, with clay brick veneer to the front. Each level features 2 apartments, with 2 bedroom units to the front and 1 bedrooms to the rear, with a shared ground floor laundry and patio access for all units.
Internally, the units are if not original, then at least some time past their last refresh and while liveable (and currently tenanted) would be ripe for a modern update to bring their condition and amenity to a level commensurate with a location where you can hear the ocean at night, and watch the waves by day.
Set on a 607m2 allotment, there is a detached 5 bay carport to the rear but ready room to improve, with the potential to refurb to a whole new standard, suitable for either long term rental or to reap the benefits of the higher returns available via holiday letting. Right across from the sands, the property is within walking distance of restaurants and bottle shop, 10 minutes' drive from the airport and just 20 minutes from the Cairns CBD.
Being circa 50 years old, this is not new and shiny, but is in an incredible position, with solid original construction and offered at a price well below replacement cost in today's market. To answer the question everyone would want to know - the property was not damaged by flooding in last year's event.
Land Size - 607m2
Council Rates - $6,400 per half year
Catchments - Machans Beach State School, Cairns State High School
Leases - Unit 1 periodic lease @$320 per week, Unit 2 periodic lease at $300 per week, Unit 3 owner occupied, Unit 4 periodic @$250 per week.
Buyers are invited to submit their best offers over $1,000,000 by 4pm, 5 September 2024.
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Property Details for 65 Casuarina St, Holloways Beach

65 Casuarina St, Holloways Beach is a 6 bedroom, 6 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 607m2. The place is currently for sale with Colliers International (Cairns).

Building Type
BlockOfUnits
Land Size
607m2

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About Holloways Beach 4878

The size of Holloways Beach is approximately 5.6 square kilometres. It has 11 parks covering nearly 6.4% of total area. The population of Holloways Beach in 2011 was 2,283 people. By 2016 the population was 2,365 showing a population growth of 3.6% in the area during that time. The predominant age group in Holloways Beach is 50-59 years. Households in Holloways Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Holloways Beach work in a professional occupation. In 2011, 57.3% of the homes in Holloways Beach were owner-occupied compared with 57.2% in 2016.

Holloways Beach has 1,446 properties. Over the last 5 years, Houses in Holloways Beach have seen a 41.24% increase in median value, while Units have seen a 77.03% increase. As at 31 August 2024:

  • The median value for Houses in Holloways Beach is $549,046 while the median value for Units is $335,798.
  • Houses have a median rent of $540 while Units have a median rent of $435.
There are currently 21 properties listed for sale, and 6 properties listed for rent in Holloways beach on OnTheHouse. According to CoreLogic's data, 42 properties were sold in the past 12 months in Holloways beach.

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Tom Quaid
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Colliers International (Cairns)
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