6 Bursa St, Palm Cove is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1974. The property has a land size of 809m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in May 2016.
A rare opportunity to acquire a duplex, non-body corporate residence in the heart of Palm Cove.
Presented as 2 separate units. A 3 bedroom unit with ensuite and a 2 bedroom unit, all under one main roof. An ideal investment opportunity for future development. The property is currently vacant and ready for immediate sale. Each unit has its own fenced land, the 3 bedroom has a tool shed, fruit trees and an additional shade cover for a second vehicle. Well located 250m from the iconic Palm Cove beach, coffee shops and restaurants on Williams Esplanade. Walking distance to shops and a short drive to the Clifton Beach supermarket and shopping complex. 30 minutes to the Cairns airport.
* Palm Cove central investment opportunity
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.
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