316/38 Abbott StreetCairns City QLD 4870
Property Details for 316/38 Abbott St, Cairns City
316/38 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 70m2.
Last Listing description (October 2018)
Situated in the premier Mantra Esplanade this conveniently and centrally located one bedroom apartment is an ideal investment or owner occupied residence.
Positioned in the heart of the city, the location is second to none.
Capitialise on strong investment returns currently being achieved on this property in the high demand dress circle position. Cairns is experiencing record years of occupancy which is forecast for increasing growth.
Key features include:
- Prime Cairns Esplanade location
- Air conditioning
- Walk in Wardrobe through to ensuite
- Owners storage cupboard
Complex facilities include:
- Cafes & Restaurants
- Swimming pool and spa
- Gym
- 24 Hour reception
- Professional on site management team with strong national brand.
- Flexible management structure, holiday at home each year!
Currently rented privately through Air BNB or utilise Mantra on site management service.
Low Body Corporate levies approx $6,000 per annum which is excellent value for a building with these facilities.
This is a must to purchase for an astute investor who would like maximum rental returns from their investment.
Property History for 316/38 Abbott St, Cairns City, QLD 4870
- 11 Sep 2018Listed for Sale Offers in $270,000
- 13 Jul 2017Listed for Sale $359,000
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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 3,345 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.
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