85/9-11 Water StreetCairns City QLD 4870
Property Details for 85/9-11 Water St, Cairns City
85/9-11 Water St, Cairns City is a 2 bedroom, 2 bathroom Unit. The property has a floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Cairns City in the last 12 months.
Last Listing description (February 2024)
This stunning first floor dual key “Superior” apartment is located 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 golden opportunity to purchase an outstanding investment with approx. 13% Nett returns. Ideal to use as your super holiday home in tropical Cairns with excellent onsite facilities including three stunning pools, café and air conditioned Gym. 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 immaculate self contained apartments with enclosed private patios.
- Fully furnished with quality furniture and white goods.
- Light and breezy living spaces.
- Modern fitted kitchens with appliances.
- Spacious modern bathrooms.
- Quiet position within the development.
- Dual key configuration, two apartments on one title.
- Fabulous investment to use for your holiday in Cairns
- Excellent income history with solid returns to the owner.
- Fully air-conditioned and ceiling fans.
- Guest parking areas spaces.
- 1st July 2022 to 30th June 2023 (last financial year) owners income $53,870.67 AFTER management fees.
- NETT RETURN APPROX 13% !!
- Body Corporate fees $5,510.20 approx per annum paid by owner.
- Council rates $2,700 per annum paid by owner.
- Perfectly priced for a quick sale – INVESTORS ONLY
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 85/9-11 Water St, Cairns City, QLD 4870
- 20 Feb 2024Sold for $359,100
- 16 Feb 2024Listed for Sale SOLD BY TIM WINBORN-SHARP
- 25 May 2019Sold for $245,000
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0About 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 3,345 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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