SOLD
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Sold on 08 Apr 2024 for $416,000

201/6 Lake Street
Cairns City QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 108m2
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Property Details for 201/6 Lake St, Cairns City

201/6 Lake St, Cairns City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Cairns City in the last 12 months.

Building Type
Unit
Floor Size
108m2
Local Government
Cairns Regional
Lot/Plan
201/SP183678

Last Listing description (April 2024)

Welcome to Apartment 201 at Park Regis - City Quays, where luxury meets convenience in the heart of Cairns! This stunning dual key apartment offers the ultimate central location, situated at 6 Lake Street, just a stone's throw away from all the action.

Imagine taking a leisurely stroll to the picturesque Esplanade, the vibrant lagoon, the exciting Casino, and the bustling Convention Centre - all within minutes from your doorstep. City Quays ensures a seamless experience with a 24/7 onsite holiday management service, making it perfect for both investment and personal use, owners can stay in their unit for 3 months a year.

Located on the 2nd floor, this spacious dual key apartment spans 108m2 and is fully furnished and self-contained. The 1-bedroom unit features a modern kitchen equipped with a dishwasher, convection microwave, air-fryer, 2-burner cooktop, and rangehood, alongside an open-plan living/dining area, a cozy bedroom, a well-appointed bathroom, laundry facilities, and a large patio. This unit is also is wheelchair friendly.

Adjacent to the 1-bedroom unit is a studio apartment, complete with a bedroom, kitchenette, bathroom, and patio. Both units are equipped with air-conditioning, fans, Wi-Fi, and cable TV, ensuring utmost comfort and convenience.

As a resident of Park Regis - City Quays, you'll have access to the rooftop terrace boasting a stunning swimming pool and BBQ area, perfect for relaxing and unwinding amidst breathtaking views. The complex also offers 2 elevators for easy access and secure undercover parking for your peace of mind (carpark is not allocated).

Figures:
Holiday let- not pooled income
$110,200 per annum gross income approx
25% return on investment gross approx
Body Corporate fees $12,200 per annum approx
Council rates $2,800 per annum approx

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

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Property History for 201/6 Lake St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$416,000
08 Apr 2024
  • 28 Mar 2024
    Sold for $416,000
  • 19 Mar 2024
    Listed for Sale SOLD BY ZOE WICKS
  • 09 Mar 2022
    Sold for $329,000
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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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Contact agent
Zoe Wicks
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Twomey Schriber Property Group
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