SOLD
Sold on 30 Aug 2024 for $1,130,000

502/25 Wharf Street
Cairns City QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 121m2
Land area: 160m2
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Property Details for 502/25 Wharf St, Cairns City

502/25 Wharf St, Cairns City is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 160m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Cairns City in the last 12 months.

Building Type
Unit
Year Built
2005
Floor Size
121m2
Land Size
160m2
Local Government
Cairns Regional
Lot/Plan
502/SP179208

Last Listing description (March 2023)

No. 502 PIERMONDE | WATERFRONT

Welcome to No.502 PIERMONDE. A superior waterfront apartment, incredible uninterrupted views of the Mangroves, Mountain Range and Cairns Inlet. Located in the heart of Cairns, on the foreshore to the Coral Sea and doorstep to the Great Barrier Reef. You're opposite the award-winning Hemingway's Brewery and the International Cruise Ship Terminal making it the perfect vista to watch the Super Yachts, Cruise Lines and Naval Ships glide effortlessly by your front window.

The returns are high, thanks to its enviable location and presentation the apartment runs at higher occupancy, with very attractive returns making it the perfect addition to your Investment Portfolio, or like so many other residents here possibly your next Dream Home. The size on the apartment is extremely generous, set on over 160m2 on the title, the apartment offers 2 large king size bedrooms, 2 bathrooms, spacious open plan living, dining and office space with 2 Car Parks and additional secure lockable storage.

STAND OUT FEATURES

- Luxury waterfront residential address with breathtaking panoramic views.
- Huge Oversize Balconies maximise your lifestyle, with easy indoor and outdoor flow.
- Envious position, the apartment captures natural shade and ocean breezes all day long.
- Large Master Owners Suite with floor to ceiling picture windows, ensuite bathroom and deep walk-in robe.
- Spacious open plan with Kitchen, Dining, Lounge, Office with full size laundry, and plenty of storage.
- Fully furnished apartment in excellent condition, turnkey and ready to go.
- Private gated and secure underground car parking (2 car on title with lock up storage).
- Perfect investment property to add to portfolio, or owner may live on site (pets allowed).
- Reasonable and Low Body Corporate Levy and Outgoings.
- Attractive foyer, with key fob direct elevator access to all areas and your floor, and 24 hours concierge service
- Rooftop pool and spa with views, sundeck, barbeque entertainment area and green spaces.
- Higher than average Owner Occupier Ratio V's Short-Term Holiday Let

The large oversize balconies extend your living space with plenty of room for additional alfresco dining and lounge setting so you maximise your enjoyment living here in the Tropics. In the port, on the waterfront it's only a short walk into the heart of the city's vibrant dining, cultural and retail precinct with Casino, Lagoon and Esplanade.

Please call SEAN THORPE on 0431 052 490 or JAN HOOGHE on 0406 520 941 for more information or to book your private inspection.

Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

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Property History for 502/25 Wharf St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$1,130,000
30 Aug 2024
  • 30 Aug 2024
    Sold for $1,130,000
  • 27 Aug 2022
    Listed for Sale PRICE GUIDE | Offers Over $950,000
  • 21 Feb 2008
    Sold for $545,000
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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 3,341 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.
There are currently 33 properties listed for sale, and 43 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

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