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26/3 Water Street

Cairns City QLD 4870

2
2
Apartment
Currently for sale - view listing

Overview

CBD Dual-Key Investment in Holiday Let Complex

Positioned in the heart of the Cairns CBD, within the highly regarded Southern Cross Atrium Apartments, this dual-key property offers a compelling opportunity for investors seeking strong, consistent returns in a proven holiday letting complex. Configured as a one-bedroom apartment plus adjoining studio, the layout is purpose-built for short-term accommodation, allowing for separate letting and maximised income potential. Inside, the apartment is well presented and functional, with open-plan living extending to a private balcony overlooking the tropical atrium. The studio component features its own bathroom and balcony access, enhancing its appeal for guest stays and dual occupancy. Set amongst resort-style facilities including multiple pools and lush landscaped gardens, the complex remains a popular choice for visitors seeking a central and relaxed Cairns base. - Dual-key layout comprising of 1-bedroom apartment + separate studio - Designed for short-term accommodation and income generation - Opportunity for dual income streams - Holiday accommodation only complex - Option to utilise onsite management with strong track record - Private balconies with pool and atrium outlook - Resort-style pools and tropical surrounds - Both apartments currently tenanted, with 26A leased until 21 July at $485 per week and 26B leased until 18 May at $450 per week

Features

2 bedrooms
2 bathrooms
Apartment

Happy sellers in Cairns City

93%
93% of sellers in Cairns City reported that their sale price either exceeded or met their price expectations.

Cairns City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Cairns City over the last 12 months.

Local market activity for 2 bedroom apartments in Cairns City

In the last 12 months, 33 two-bedroom apartments similar to 26/3 Water Street, have been sold.

This represents a 36% increase in two-bedroom apartments sales when compared to the previous 12 months.

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