329/175 Lake StreetCairns City QLD 4870
Property Details for 329/175 Lake St, Cairns City
329/175 Lake St, Cairns City is a 1 bedroom, 1 bathroom Unit and was built in 1980. The property has a land size of 52m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (June 2020)
CASCADE GARDENS CITY APARTMENTS CAIRNS
These holiday rental units are HOT PROPERTY! Gross rental income = $23,500 (3 year average) Where else can you buy so close to the centre of the city, so close to the Cairns Esplanade and so close to the hospitals?
This is a sensational investment opportunity. The onsite managers ensure your investment is well maintained and maximise your returns. Zoned as holiday/short term accommodation you can elect to either holiday rent or short term rent - both options ensure the best return and many owners will move from one option to the other as the season dictates.
Being so close to Cairns Medical Specialists and the Hospitals, Cascade Gardens is well positioned to attract short term rental from this source - both medical staff and out of town patients seek accommodation as the proximity to these facilities is a great draw card.
Do the price comparison and you will agree no other investment units come close for value for money.
In a prime location, and with managers living on-site you are confident the property is always well maintained and closely controlled. You have the benefit of your property being cleaned daily while under holiday rental, thus minimising the likelihood of tenant neglect and damage.
The proactive on-site managers give owners confidence the property is not only well maintained, but consistently well marketed to attract good occupancy levels.
It is an easy starter investment or perfect addition to your super fund!
This 1 bedroom apartment is located on the 1st floor and is fully furnished and self contained with air-conditioning throughout. This apartment has been recently renovated with a new bathroom plus recently new furniture. Complete with private balcony and laundry. A good sized apartment of 52m2 approx.
Returns are available to genuine buyers.
The complex has recently undergone a repaint, and other upgrades.
AT A GLANCE FEATURES:
- Holiday Rental apartments
- Brilliant central location walk to Esplanade
- Excellent family owned on site management
- Fully Furnished and well-appointed
- Spacious Pool area with Barbecue facilities
- Suit both business and leisure travellers
- Secured private off street parking
These 1 bedroom units sell super quickly - so phone now or you may be too late.
Due to holiday tenancy this unit is by appointment only.
Property History for 329/175 Lake St, Cairns City, QLD 4870
- 04 May 2022Sold for $150,000
- 19 Nov 2019Listed for Sale Contact Agent
- 10 Dec 2015Listed for Sale Not Disclosed
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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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