322/175 Lake StreetCairns City QLD 4870
Property Details for 322/175 Lake St, Cairns City
322/175 Lake St, Cairns City is a 1 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 43m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (October 2023)
Welcome to the vibrant heart of Cairns City, where design and convenience blend together, creating the ultimate holiday retreat.
Nestled at the corner of Lake and Minnie Streets, this fabulous studio apartment offers an incredible opportunity for those seeking a slice of paradise in one of Australia's most sought-after locations.
Imagine enjoying the luxury of a leisurely two-block stroll to the nearby waterfront soaking up the glorious tropical climate and the beauty of the Coral Sea.
Everything you could desire right at your doorstep. Offering a myriad of delicious culinary adventures, retail therapy or simply soaking up the vibrant atmosphere, a location that truly offers the best of city living in the tropics.
Investing in this property not only means securing an incredible holiday lifestyle but also a lucrative opportunity. With a net income of $24,000 to the owner in the previous financial year, the potential for excellent returns is undeniable. The strong demand and value in this sought after location make it a wise investment choice for astute buyers who recognise the potential for long term growth and profitability.
OUTGOINGS/DETAILS:
BODY CORPORATE LEVIES p/annum: $5,400 approx.
COUNCIL RATES p/annum: $2,700 approx.
NO. OF LOTS: 48
SIZE OF LOT: 43m2
DATE REGISTERED: 2005
ZONING: Short term accommodation council zoning
TENANCY: Currently holiday let
INCLUSIONS: Assorted furnishings available
Split system airconditioning
Solar power
Resort pool with spa
Under cover entertainment and barbeque area
Contact Karen today on 0438 324 207 to secure your slice of Cairns City paradise and embark on a life of endless possibilities in this remarkable location.
Property History for 322/175 Lake St, Cairns City, QLD 4870
- 11 Sep 2023Sold for $165,000
- 06 Jul 2023Listed for Sale Under Contract
- 17 Jun 2013Sold for $72,990
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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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