SOLD
Sold on 20 May 2024 for $26,400

16/129A Lake Street
Cairns City QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 14m2
Land area: 14m2
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Property Details for 16/129a Lake St, Cairns City

Building Type
Commercial
Floor Size
14m2
Land Size
14m2
Local Government
Cairns Regional
Lot/Plan
16/BUP70976

Last Listing description (April 2017)

$160,000.00 for all four (4) units
Being sold with short term leases in place
Convenient CBD location

Serviced complex with onsite management
Knight Frank Cairns is regarded as a market leader locally. Knight Frank has the benefit of an Australian and worldwide network of high quality commercial agency, valuations, property management, research and consulting services. Knight Frank provides strategic advice, forecasting, consultancy, insight and independent expert advice, and has longevity in the local market for analysis and historical data. Knight Frank prides itself on their excellence of knowledge in commercial office, industrial, retail, hotel and leisure, development and englobo sites, project management and special uses such as age care, medical, vacant land and self-managed super funds etc.
Knight Frank Cairns are proven market leaders with a substantial track record in both selling and leasing a variety of commercial property through our comprehensive databases

Property History for 16/129a Lake St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$26,400
20 May 2024
  • 20 May 2024
    Sold for $26,400
  • 15 Sep 2021
    Sold for $30,000
  • 25 Oct 2016
    Listed for Sale Not Disclosed
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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.

Suburb Insights for Cairns City 4870

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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.