17/62-66 Abbott StreetCairns City QLD 4870
Property Details for 17/62-66 Abbott St, Cairns City
17/62-66 Abbott St, Cairns City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 69m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (December 2021)
Unit 17, 62 Abbott Street, Cairns City is located in the city centre complex of "IL PALAZZO Boutique Hotel" and offers a fantastic holiday let, Airbnb or Rental income. The owner is reducing their investment portfolio, so now is your prime chance to purchase a centrally located inner-city property.
* Second floor unit located in a prime inner-city boutique hotel
* Fully furnished apartment
* Tidy kitchen with electric cooking
* Combined lounge & dining area
* Air-conditioned
* One bedroom with en-suite
* Dual access bathroom to bedroom and living area
* Large bathroom/laundry furnished with washer/dryer
* Walking distance to the Night Markets, Esplanade & Lagoon, Marina, cafes & restaurants, public transport and more
* Positioned in a complex offering a central courtyard, heated pool with gazebo & BBQ, rooftop sundeck, lift, and on-site holiday letting management.
Strata Fees: $6,600 per annum
Rates: $2,600 per annum (approx.)
This property is currently part of the hotel letting pool.
Recent pooling statements available on request.
Potential Rental Income $399 per week.
*Some images used have been taken from other units at Il Palazzo and are indicative only.
Property History for 17/62-66 Abbott St, Cairns City, QLD 4870
- 23 Nov 2021Sold for $175,000
- 09 Sep 2021Listed for Sale $179,000
- 16 Apr 2010Listed for Sale OFFERS AROUND $200,000
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0About 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 3,346 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.
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