SOLD
Sold on 30 Jun 2024 for $369,000

11/62-66 Abbott Street
Cairns City QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 52m2
Land area: 56m2
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Property Details for 11/62-66 Abbott St, Cairns City

11/62-66 Abbott St, Cairns City is a 1 bedroom, 1 bathroom Unit and was built in 1995. The property has a land size of 56m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Cairns City in the last 12 months.

Building Type
Unit
Year Built
1995
Floor Size
52m2
Land Size
56m2
Local Government
Cairns Regional
Lot/Plan
11/BUP102725

Last Listing description (August 2024)

This luxurious and stylish one-bedroom fully furnished apartment in the heart of Cairns City will take your breath away. This high design apartment provides a rare opportunity for an investor or owner occupier to own or invest in one of the city's most sought-after real estate.

Situated on the first floor of Il Palazzo boutique hotel, this apartment will greet you with an elegant and contemporary living space. The open-plan design seamlessly combines the living, dining, and kitchen areas, flowing effortlessly into the spacious courtyard with direct access to the hotel pool.

The kitchen features top-of-the-line appliances and ample storage, and the spacious bedrooms and dual-access bathroom is fitted with luxurious finishes.

With its prime location, this property is within walking distance to the city's esplanade, shops, and finest restaurants.

Key Features:
-Stylishly renovated, contemporary open floor plan
-Daikin ducted air-conditioning (living areas and bedrooms)
-High-end floor to ceiling tiles in bathroom and shower recess
-Modern Japanese style TOTO toilet (sensors to detect your presence and automatically lifts up the lid)
-Security screen to patio
-LED downlights throughout
-LG TV fixed to wall in bedroom, Samsung TV in living area
-Smartstone engineered quartz stone benchtops
-Miele oven and stove top
-Integrated Fisher & Paykel refrigerator
-Integrated Fisher & Paykel drawer dishwashers
-Sofa bed included
-Miele washer & dryer seamlessly integrated in laundry closet
-Electric blinds to living area
-Carpet to main living area and bedroom

About Il Palazzo Boutique Hotel
-Sparkling pool + communal BBQ area for guests and residents
-Reception staff on site to greet incoming guests
-High level of security throughout the complex

A note for investors:
Unit 11 is currently managed by a private holiday letting company with over a 10% return. Statement summaries are available upon request. This property can continue on being holiday let through current management, managed by onsite management, rented privately or lived in the flexibility is yours!

Water $180 approx pa
Rates $2,900 approx pa
Body Corp $8,600 approx pa

This is a rare opportunity to own a piece of the city's most coveted real estate. Don't miss out on this chance to invest or live in luxury in the heart of the city.

Contact me today to schedule a private viewing.

Property History for 11/62-66 Abbott St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$369,000
30 Jun 2024
  • 30 Jun 2024
    Sold for $369,000
  • 21 Apr 2024
    Listed for Sale $375,000
  • 03 Mar 2023
    Sold for $265,000
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About Cairns City 4870

The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.

Cairns City has 3,345 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:

  • The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
  • Houses have a median rent of $630 while Units have a median rent of $560.
There are currently 34 properties listed for sale, and 47 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

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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.