SOLD
Sold on 18 Jul 2023 for $770,000

403/27-29 Wharf Street
Cairns City QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 89m2
Land area: 114m2
Save

Property Details for 403/27-29 Wharf St, Cairns City

403/27-29 Wharf St, Cairns City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 114m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in July 2023. There are other 2 bedroom Unit sold in Cairns City in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
89m2
Land Size
114m2
Local Government
Cairns Regional
Lot/Plan
403/SP164485

Last Listing description (September 2023)

Come one come all, calling all wise investors, those looking for a waterfront home or the holiday getaway of your dreams.

Welcome to apartment 403, in the prestigious Jack and Newell development. Home of unbelievable holiday let returns and simply sensational, apartment living.

*Virtual tours available on request for buyers not located in Cairns*

The Facts -
- Incredible NET returns of over 6%!
- Exceptional, waterfront location with eye level views of Trinity Inlet
- Idyllic South Easterly aspect for the morning sun and year round breezes
- Most private floor plan available in complex
- Massive balcony, perfect for entertaining
- Immaculate condition, upgraded lights and fans
- Split system air-conditioning throughout
- Additional storage room and secure parking
- Sold fully furnished in turn-key condition

The Bottom Line
- Holiday let returns in excess of 6% net over last 12 months
- Body Corp $8,100 approx. p/y
- Council Rates $2,600 approx. p/y
- Long term rental appraisal $820 per week

Maintained to the highest of standards and complemented with an exceptional floor plan, apartment 403 presents exactly as a luxury, waterfront property should. Complete with a few additional features and benefits that are so much more than surface deep, this exceptional property is a truly incredible opportunity. Not just for those looking for luxurious apartment living, but also for those looking to draw an impressive income from a highly regarded and very sought after holiday location that you can enjoy too.

Who says you can't have your cake and eat it too.

For all enquiries or to book your private inspection, contact Tim Lyon, today on 0400 355 706.

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

Property History for 403/27-29 Wharf St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$770,000
18 Jul 2023
  • 18 Jul 2023
    Sold for $770,000
  • 28 Jun 2023
    Listed for Sale Under Contract
  • 23 May 2019
    Sold for $558,000
Sign in to see more transactions

Commute Calculator

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 3,283 properties.

    There are currently 34 properties listed for sale, and 32 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Cairns city.

    Suburb Insights for Cairns City 4870

    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Contact agent
    Tim Lyon
    Show contact details
    Twomey Schriber Property Group
    Preferred contact:
    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.