2/81-85 Cedar Rd, Palm Cove is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 115m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in October 2015.
SHORT TERM STAY OF 6 WEEKS FOR OWNERS SO A GREAT OPTION TO USE ALL OR PART FOR YOUR WINTER TROPICAL ESCAPE and get a return the rest of the year in the very popular tourist destination at Palm Cove, north of Cairns.
This is a dual key luxury ground floor holiday let apartment set in the 2.5 acres of tropical gardens of 'Mango Lagoon' at Palm Cove. Both bedrooms have ensuites and can be let as a total or as dual key style for maximising returns.
The future looks good for this North Queensland iconic location; financials are available on request.
The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.
Palm Cove has 2,775 properties. Over the last 5 years, Houses in Palm Cove have seen a 61.74% increase in median value, while Units have seen a 63.83% increase. As at 31 October 2024:
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