1/282 Lake Street

Cairns North QLD 4870

Unit

Currently for sale - view listing

Overview

Clever Investment in Cairns North

What You See: Perfectly positioned just metres from the Cairns Esplanade and within easy walking distance of the inner CBD, this wonderful ground-floor apartment offers convenience, lifestyle and opportunity in equal measure. Located in a small complex with very reasonable body corporate fees, the property sits within Cairns' highly sought-after hospital precinct, set to benefit from a significant $1 billion redevelopment. Inside, the apartment features two bright bedrooms and a spacious open-plan living, dining and kitchen area. Whether you're looking to enter the market, downsize, secure a convenient city base or add a smart investment to your portfolio, this apartment represents an exciting opportunity in a tightly held location. What We See: A smart opportunity for anyone looking to owner-occupy or invest in one of Cairns' rapidly evolving areas. With significant redevelopment planned for the Cairns region, this apartment offers an exciting combination of lifestyle and investment potential. Cairns North has experienced strong capital growth, making this an appealing option for those looking at both short and long-term investment strategies. Currently leased to fantastic tenants, the property provides an immediate income stream while offering the potential for future growth. Whether you're looking to secure your first investment, add to an existing portfolio or simply purchase in a location with plenty happening around it, this apartment is well worth considering. Everything Else: - Small well-maintained complex of only 6 units - Open-plan living and kitchen - Two spacious bedrooms and modern bathroom - Swimming Pool - Allocated carport for onsite parking - Ideal low-maintenance investment or owner occupier opportunity Location Highlights: - Cairns Esplanade - only steps away. - Cairns CBD - within walking distance. - Cairns Hospital Precinct - within walking distance. | Body Corporate Fees: TBC | | Current Rented at $550/week until Feb 2027 | | Rental Appraisal: $550 - $570 / week | | Council Rates: Approx $3,200 / year | | Build Year: 1973 | Disclaimer: The material and information contained in this marketing are for general information purposes only. Professionals does not accept responsibility and disclaims all liability for any errors or inaccuracies contained herein. Interested parties should rely on their own enquiries.