OFF MARKET

20/670-678 Bruce Highway
Woree QLD 4868

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 89m2
Land area: 89m2
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Property Details for 20/670-678 Bruce Hwy, Woree

20/670-678 Bruce Hwy, Woree is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 89m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
1994
Floor Size
89m2
Land Size
89m2
Local Government
Cairns Regional
Lot/Plan
20/BUP101431

Last Listing description (October 2021)

JOHN RYLAND has available this superb dual-key, fully-furnished holiday apartment just 5 minutes from Cairns CBD. Cairns Reef Apartments & Motel offers 4-star accommodation with one and two bedroom apartments and motel-style rooms, set in beautiful tropical grounds with large resort swimming pool, tennis courts and secure undercover parking.
Nett 5.5% return after rates and fees.

This top-floor, corner apartment and unit combined can sleep up to four people with a $155 per night accommodation rate.

Investor income for this apartment is averaging over $1,300 nett per month this financial year. Nett 5.5% return after rates and fees.

Both bedrooms (apartment and motel-style) have split system air conditioning and built-in robes. The apartment has a balcony overlooking the swimming pool.
The apartment bedroom, with a built-in robe, comes off the living room with an adjacent kitchen. It has a separate bathroom and laundry.
Included is a television in the living room, refrigerator, microwave oven and washing machine
The second bedroom, a motel-style unit with ensuite, has a built-in robe, television and bar fridge.

At a year-round rate of $155 p/night, 23 of the 28 two-bedroom apartments are managed on-site for holiday and short-term accommodation. Cairns Reef Apartments has an 85% 12-month occupancy rate and all holiday let owners share equally in the combined income of their 23 apartments - paid monthly to owners.

See the resort's website.......www.cairnsreef.com.au

JOHN RYLAND - Professionals Cairns South

Property History for 20/670-678 Bruce Hwy, Woree, QLD 4868

A timeline of how this property has performed in the market
Last Sold
$143,000
11 Aug 2021
  • 11 Aug 2021
    Sold for $143,000
  • 19 Mar 2021
    Listed for Sale $145,000
  • 09 Jun 2013
    Sold for $128,000
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About Woree 4868

The size of Woree is approximately 5.8 square kilometres. It has 10 parks covering nearly 27.5% of total area. The population of Woree in 2011 was 4,826 people. By 2016 the population was 4,822 showing a population decline of 0.1% in the area during that time. The predominant age group in Woree is 20-29 years. Households in Woree are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Woree work in a trades occupation. In 2011, 44% of the homes in Woree were owner-occupied compared with 42.8% in 2016.

Woree has 2,870 properties.

    There are currently 21 properties listed for sale, and 4 properties listed for rent in Woree on OnTheHouse. According to CoreLogic's data, 120 properties were sold in the past 12 months in Woree.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.