4/211 Lake Street

Cairns City QLD 4870

You are welcome to inspect unit 4 at 211 Lake StreetLocated in the Mediterranean looking complex 'San Antone'. This ground floor one bedroom unit is close to many local iconic attractions.This little gem is just a short walk away from Cairns Convention Centre, The Reef Casino, Cruise Ship Terminal, Esplanade and Lagoon. Conveniently located on Lake Street, no wonder this apartment could be ideal for holiday and corporate guests.Superbly well maintained the complex also offers a great shared pool.Features include:* Ground floor unit* Furnished (Inventory available on request)* Solid investment with great rental return* Open plan apartment* Large bathroom/internal laundry with washing machine and dryer* Modern Kitchen including fridge/freezer* Large carpeted bedroom* Tiled living and wet areas* Air conditioning* Car spaceUnique inner city living or great investment do not miss out this rare opportunity!For investors:Price: Offers over $209,000Rental Appraised: $380 - $400 per weekHoliday let appraisal: $100 - $240 per nightRates: $2,650 approximately per yearBody Corporate approximately : $2,947.68 per yearPotential rental Yield: Approximately 7.27% (Estimate only - current rental YILED 5.78% approximately)Potential rental income: $20,800 gross(Estimate only based on $400 per week - current income $17,680 gross)Unit is currently tenanted - 24 hours notice is needed to inspect the property.Contact us now to organise a private inspection.* Rental Yield and Rental Income are approximate and based on the current market**Currently rented until September 2023 at $340 per week***Rental Yield and Rental Income are approximate and based on the current market****Photos have been digitally cleaned and digital furniture applied to keep the tenant privacy*****Please note pinpoint on REA map is incorrect the property location is further north close to the Private Hospital