24/35 Louie Piccone Way

Edmonton QLD 4869

29 m²

Studio

Currently for sale - view listing

Overview

Low-Maintenance Investment with Strong Returns

Positioned within the well-known Gateway Lodge Apartments, this low-maintenance studio presents an excellent opportunity for investors seeking immediate returns and future growth. The property offers a practical and functional layout, complete with its own undercover carport directly beneath the unit. Inside, the studio has been refreshed throughout, featuring an updated kitchen, air-conditioning, and washing machine taps for added convenience. Currently tenanted at $320 per week , the property provides instant income, with strong future rental potential estimated between $380-$400 per week. Residents of the complex enjoy access to an in-ground swimming pool, along with an onsite coin-operated laundry. The location is highly convenient, just moments from local shops including IGA, childcare facilities, and positioned on a bus route with direct access to the Cairns CBD. - Studio apartment with 1 bedroom / 1 bathroom - Undercover carport positioned beneath the unit - Updated kitchen and refreshed interiors - Air-conditioned for year-round comfort - Washing machine taps within the unit - In-ground swimming pool within the complex - Onsite coin-operated laundry - Close to shops, childcare and public transport - Current Rent: $320 per week - Rental Potential: $380-$400 per week - Body Corporate Fees: approx. $935 per quarter - Council Rates: approx. $3,200-$3,300 per annum With low maintenance, solid returns, and upside potential, this is the ideal set-and-forget investment.