86/9-11 Water StreetCairns City QLD 4870
Property Details for 86/9-11 Water St, Cairns City
86/9-11 Water 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 91m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (February 2007)
City Centre Apartments $335,000.00 with great returns of $394.00 per week net
Inner City Dual Key Apartment. 18 months old + massive depreciation on these fully furnished and self contained apartments.
One of the Industry Leading Southern Cross Atrium Apartments, this Dual Key Apartment has a highly desirable location.
All quality furnishings and lots of depreciation make these apartments great buying for the investor.
Already performing and Netting $394.00 per week average after all management etc. Take advantage of the huge depreciation still available.
Please note that this apartment has been disadvantaged during this 18 month period, due to nearby construction and is expected to increase in performance (other examples available showing $420 - $460 per week average).
Only other deductions are:
Council Rates: Approx $1470 per annum
Body Corporate: $2378.92 per annum
FEATURES
- Dual key apartment
- Fully self contained apartments
- Fully air-conditioned and fans
- European appliances
- Equipped TVs with Austar
- Data-port in phone PABX system
- 2 bedroom or 1 bedroom configuration
- 3 Pools, spa & BBQ and Gymnasium & Sauna.
- Superior interior design and finishes
- Private balcony with timber louvers
- En-suite bathrooms
- On site management
- Central city location
FURTHER INFORMATION
If you are interested in finding out more about this property, please call Andrew Jackson - 0409 591 245.
If you have a property that you would like to sell, or would like to know what your property is worth in the current market conditions, please contact Andrew Jackson - 0409 591 245 for a free, neutral opinion on price.
Property History for 86/9-11 Water St, Cairns City, QLD 4870
- 28 Aug 2023Sold for $330,000
- 14 May 2007Sold for $320,000
- 04 Nov 2006Listed for Sale 335000
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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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