Just two streets form the Esplanade and minutes from the hospital and the Cairns CBD, right in the thick of a developing and expanding location, this rare opportunity offers investors the chance to secure an entire complex of six apartments on 830 sqm of land.
Solidly constructed in concrete block and all held on a single title, this robust complex sits in a prime inner-city position, placing it within easy walking distance of employment, retail, dining and transport.
Set, forget and let the rent roll in. Strata title, renovate and sell off individually or transfer into a high performing short/medium term letting to capitalise on the close proximity of the Hospital precinct, the choice and opportunity, is yours.
Features we love:
- Entire complex of 6 apartments on one title
- No body corporate fees
- Large 830sqm block of land
- Solid block construction
- Just two streets from the Cairns Esplanade, within walking distance to the hospital and just minutes from the CBD
- Opportunity to further renovate and improve rental returns over time
- Tried, true and functional floor plans
- Incredibly low maintenance construction
- Onsite parking for your tenants
- No rear neighbours
- Favourable property zoning for redevelopment or tourism uses
- All apartments are 2 bedroom, 1 bathroom configurations
The Figures:
- Current Gross Rental Income: $2,550 per week
- Council rates: $18,703 per year
- Insurance: $3,438 per year (Suncorp Insurance)
- Water: Approx $265 (16/1/26 to 8/5/26)
Available investments of this scale and location are more scarce than diamonds and gold. With a decent existing income stream and significant land value underpinning the asset, the property presents as an ideal long-term hold or land-bank opportunity in one of Cairns' most sought after locations. The location itself lends itself to an impressive opportunity for significant capital gains thanks to the $1billion hospital developments and further gentrification of all Cairns now. This one is not just location location, location, but also, exceptional timing.
The apartments themselves are generous in size, offer a neat interior with room to add value with further renovations and upgrades. Demand for accommodation in this location remains consistently strong, with vacancies in the complex and suburb historically rare and the hospital expansion further underpinning this.
For all inquiries or to arrange an inspection, contact Tim Lyon on 0400 355 706.
**PLEASE NOTE** Inspections are strictly by appointment only. No open for inspections will be held and the site is private property. For the privacy of the Tenants, please DO NOT walk the grounds unaccompanied.
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.
