601/27-29 Wharf StreetCairns City QLD 4870
Property Details for 601/27-29 Wharf St, Cairns City
601/27-29 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 134m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (October 2021)
Come one come all, calling all wise investors, those looking for a waterfront home or the holiday getaway of your dreams.
Welcome to apartment 601, in the prestigious Jack and Newell development. The benchmark in 'bang for your buck' holiday returns and uncompromising apartment living.
This is the one you've been waiting for!
The Facts -
- Highly profitable holiday let scheme. 6% plus, net return in high season
- Exceptional location with water and mountain range views
- Ideal South Easterly aspect for the morning sun and year round breezes
- Brand new, renovated kitchen
- Largest 2 bedroom floor plan available in complex
- Recently painted through out
- Immaculate condition, upgraded lights, fans and fixtures
- Split system air-conditioning throughout
- Additional storage room and secure parking
The Bottom Line
- Holiday let returns over 6% net, in high season
- Body Corp $7,900 approx. p/y
- Council Rates $2,600 approx. p/y
- Long term rental appraisal $770 per week
Maintained to the highest of standards and complimented with recent, tasteful renovations, apartment 601 presents as a new property should. Complete with a few additional features and benefits that are so much more than surface deep, this incredible 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 an idyllic 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.
Property History for 601/27-29 Wharf St, Cairns City, QLD 4870
- 31 Aug 2021Sold for $726,500
- 24 Aug 2021Listed for Sale Under Contract
- 24 Mar 2021Listed for Sale Buyers in the $700,000's
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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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