52/3 Water StreetCairns City QLD 4870
Property Details for 52/3 Water St, Cairns City
52/3 Water St, Cairns City is a 2 bedroom, 2 bathroom Unit and was built in 2004. The property has a land size of 83m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Last Listing description (August 2020)
A Fabulous first floor dual key SUPERIOR apartment within the much sought after "Southern Cross" development in the heart of Cairns City. The development is immaculate and very well run by the onsite managers and this is a fantastic opportunity to purchase a great investment to add into your Super Fund if desired and holiday home at a super price. The owners returns for the last financial year have been approx 10% NETT. The location is exceptional being within a short stroll of Cairns Central shopping centre, fine restaurants and cafes and the stunning Esplanade, award winning lagoon and Reef Terminal.
The apartment offers:
- Two upmarket fully furnished one bedroom self contained units.
- Good quality furniture & recently repainted throughout.
- 1st floor position with very light and breezy living space.
- Great location within the development close to the caf and lagoon pools.
- Dual key configuration, two apartments in one.
- Two kitchens, two bedrooms, two bathrooms, two living areas and two enclosed patios.
- Fabulous investment to use for your holiday in Cairns.
- Excellent income history with solid returns to the owners.
- Fully air-conditioned and ceiling fans.
- Guest parking areas.
- Weekly return for last financial year after management fees $584.38.
- Body Corporate fees $4500 approx per annum.
- Council rates $2200 per annum.
- Perfectly priced for a quick sale Please note that this apartment cannot be owner occupied.
Property History for 52/3 Water St, Cairns City, QLD 4870
- 06 Aug 2020Sold for $210,000
- 01 Apr 2020Listed for Sale Under Contract with Tim Winborn-Sharp
- 16 Feb 2018Sold for $223,000
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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 3,346 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.
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