OFF MARKET

9/186-198 Lake Street
Cairns North QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 84m2
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Property Details for 9/186-198 Lake St, Cairns North

9/186-198 Lake St, Cairns North is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 84m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
Unit
Year Built
1970
Floor Size
84m2
Land Size
84m2
Local Government
Cairns Regional
Lot/Plan
9/BUP70033

Last Listing description (August 2018)

NB: This property can be lived in permanently.
When looking for an investment property there are several factors to consider including location, quality of the property, rental returns and opportunity for capital growth. This fantastic two bedroom apartment ticks these boxes.
This apartment is located within Palm Court' which is situated next door to the Cairns Base Hospital and just meters to the Cairns Esplanade. Simply said the location is perfect.

This apartment is generous in size with 84m of floor space, has an updated kitchen, near new air conditioner in living room, plus internal laundry. The apartment will be sold fully furnished as per photos. For this price the quality of this property is unbeatable.
Currently Cairns is booming, this is evident through record airport numbers, increasing occupancy rates through hotels in the Cairns region and the large number of developments underway. Currently this apartment has fantastic tenants in place paying $295/week.
This apartment ticks every box and is priced very competitively to sell today. Do not miss your opportunity enquire today.
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THE FACTS
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Year built: 1970's
Unit size: 84m
Current rent: $295/week
Market rent: $300-$310/week
Lease expiry: 21/10/2018
Body corporate fees: Approx $2,263pa (if paid on time)
Council rates: Approx $2,400pa

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Property History for 9/186-198 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$194,000
30 Jun 2018
  • 30 Jun 2018
    Sold for $194,000
  • 20 Jun 2018
    Listed for Sale UNDER CONTRACT
  • 18 Feb 2001
    Sold for $60,000

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About Cairns North 4870

The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.

Cairns North has 3,958 properties.

    There are currently 49 properties listed for sale, and 21 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 259 properties were sold in the past 12 months in Cairns north.

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