SOLD
RECENT ADVICE
Sold on 09 Sep 2024 for $383,000

37/62-66 Abbott Street
Cairns City QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 70m2
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Property Details for 37/62-66 Abbott St, Cairns City

37/62-66 Abbott St, Cairns City is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 70m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Apartment sold in Cairns City in the last 12 months.

Building Type
Apartment
Land Size
70m2

Last Listing description (September 2024)

Experience the vibrancy of city living with this standout top-floor apartment in the highly sought-after Il Palazzo, right in the heart of Cairns.

Perfectly positioned, this spacious 70m² 1-bedroom, 1-bathroom apartment blends modern urban style with practical features, including a dedicated car park, and offers flexible living options. Whether you choose to live in permanently, lease it for long-term tenancy, or utilize it as a holiday let, this property is a prime investment opportunity.

PROPERTY HIGHLIGHTS:

• Prime Location: Situated in the coveted Il Palazzo, offering unparalleled access to the city’s amenities, dining, and entertainment.

• Spectacular Views: Enjoy breathtaking views of the Esplanade and the Ferris wheel right from your living space.

• Urban Refurbishment: Recently refurbished with a contemporary urban feel, featuring fresh paint and new timber grain panel flooring.

• Top-Floor Advantage: Benefit from the tranquility and exclusivity of being on the top floor, with added privacy and reduced noise.

• Dedicated Car Space: A standout feature – secure, inner-city parking which is a rare find and a significant bonus in this location.

• Modern Interiors: Open-plan living area that is bright and spacious, complemented by a well-appointed kitchen, stylish bathroom, and internal laundry.

• Fully Furnished: Move in or rent out with ease, as the apartment comes fully furnished, adding convenience and immediate appeal.

• Private Balcony: Relax and unwind on your own private balcony, perfect for enjoying the Esplanade breeze and city lights.

• Airy Atmosphere: Windows throughout provide excellent ventilation and allow you to enjoy the refreshing Esplanade breeze and stunning city views.

• High Demand: Ideal for long-term rental, holiday letting, or permanent owner-occupier living, tapping into the strong demand for premium city-centre accommodations.

Rates: $2,900 approx pa
Body Corp Fees: $8,651 approx pa
Rental Appraisal: $600 per week

INVESTING IN CAIRNS CITY:

Cairns is currently experiencing a thriving property market, driven by a robust local economy and increasing tourism. The city’s strategic location, vibrant lifestyle, and ongoing infrastructure projects are attracting both domestic and international investors. With a growing demand for both rental and owner-occupier properties, now is an opportune time to invest in Cairns city.

Properties in prime locations like this one offer strong potential for capital growth and rental yield. As Cairns continues to develop and attract more residents and visitors, securing a property in the heart of the city ensures you are well-positioned to benefit from the area’s upward trajectory.

Properties like this are in high demand and don’t stay on the market for long. Whether you’re seeking a lucrative investment, a chic city retreat, or a permanent residence, this apartment has it all.

Contact me today to arrange your private viewing and secure this exceptional opportunity!

Property History for 37/62-66 Abbott St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$383,000
09 Sep 2024
  • 09 Sep 2024
    Sold for $383,000
  • 03 Sep 2024
    Listed for Sale Offers in High $300s
  • 03 Jul 2023
    Sold for $220,000
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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 3,412 properties. Over the last 5 years, Houses in Cairns City have seen a 31.02% increase in median value, while Units have seen a 46.95% increase. As at 30 November 2024:

  • The median value for Houses in Cairns City is $508,907 while the median value for Units is $530,497.
  • Houses have a median rent of $535 while Units have a median rent of $560.
There are currently 32 properties listed for sale, and 46 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 144 properties were sold in the past 12 months in Cairns city.

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Naomi Scowcroft
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CAIRNS PROPERTY OFFICE
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.