402/27-29 Wharf Street

Cairns City QLD 4870

* The median asking price for these apartments is $845,000 (as many above as below). The average (mean asking price) is over $929,000

* Absolute tranquility on Trinity Inlet, with sparkling sea and mountain views.

* A very spacious fully tiled 159 sqm restful retreat, with reverse cycle air conditioning throughout and a private balcony from which to relax, reflect or meditate

* Fully furnished (with a few small exclusions). Extremely spacious it includes 3 generous bedrooms (one with en suite), 2 bathrooms + a 3rd toilet, copious internal cupboard/storage space, plus a locked storeroom on level 2,

* There is literally nothing to do as it has been owner occupied for 10 years. You can move straight in on settlement, or holiday rent through Jack and Newells excellent on site management

* An enclosed balcony configuration providing complete (and rare) privacy from adjacent buildings

* Perfect home ownership or astute investment value. Recent 02 Jack and Newell apartments of the same size and configuration have sold (some furnished, others unfurnished) for $850,000 (1002), $820,000 (902), $806,500 (702) . The last sale was #502. It was sold unfurnished, post co-vid, to an interstate investor for $780,000

* Outstanding value on a square metre basis. At less than $4,780/sq metre it represents great value vis a vis other waterside apartments in the CBD

* A central position in a historical, heritage precinct. The very modern and iconic Jack and Newell Building has aesthetically incorporated a smaller heritage listed part of Far North Queenslands fascinating colonial past.. ... Named after two pioneering mining and retail entrepreneurs (John Newell (Irish) and Willie Jack (Scottish) the apartments were developed by Tom Hedley in 2004 on the site of one of Newells and Jacks thriving businesses on Wharf St, facing Trinity Inlet

* Ironically for John Newell, who steadfastly refused to sell alcohol to their wide spread and thirsty mining clientele, Jack and Newell Apartments today sit next to the charming, heritage listed Barrier Reef Hotel. They also overlook popular, upmarket Hemingways brewery, bar and restaurant. The latter, in Shed 2, is also heritage listed, having been beautifully restored by the council for future generations ahead

* Access to an up market outdoor entertaining area, modern pool, and a well equipped gym

* Apartment 402 has been loved and cared for by its current owners

Very few actual CBD, inner city apartments, with these views, and of this size, become available; and fewer still become available in Jack and Newell.

Owners love living here. It is also a great, proactive investment for the post co-vid time that lies not far ahead

The most recent levies and rates are $2,236.25/per quarter for levies and $1,307.18/per half year for Rates

Phone enquiry code for this property: 2357