10/221 Lake St, Cairns North, QLD, 4870 - Apartment Sold on 19 04 2022

SoldApr 19, 2022

10/221 Lake St, Cairns North, QLD, 4870

$230,000

93 m²

Apartment

•

30+ days on the market

Sold: Apr 19, 2022

What's around 10/221 Lake St

Perfectly locate just one street away from the Cairns Esplanade.

You’re welcome to inspect unit 10 at 221 Lake Street Positioned on the fringe of the Cairns CBD, opposite to the Cairns Base Hospital and only a street back from the Cairns Esplanade, this apartment it is an ideal investment opportunity for the astute investor or owner occupier. Solidly built complex with security gate, fully fenced, undercover parking and sparkling in-ground pool. Features include: * Two bedrooms * One neat and tidy bathroom with separate toilet * Open plan living * Kitchen with plenty of cupboard space and ample bench * Internal laundry * Tiled living and wet areas * Quality carpets to bedrooms * Airconditioned * Balcony * One secure allocated basement car parking space * Secure and gated complex * Shared pool * Five-minute drive from Cairns International Airport * Across the road from Cairns Base Hospital * Minimal maintenance For investors: Price: Offers in the Mid $200,000's Rental Appraised: $390 - $440 per week Rates: $2,600 approximately per year Body Corporate approximately: $8,126.20 with prompt payment of levies ($10,157.75 with no prompt payment of levies) - The complex had the roof re-done that is why the body corporate fees went up. Potential rental Yield: Approximately 4.5% - 5% (Estimate only) Potential rental income: $22,880 (Estimate only based on the current market) The apartment can be used as holiday let (Airbnb) providing a greater rental Yield and revenues. Current value $150 - $240 per night. Call Claudio now to organise your private inspection now! * Currently tenanted till March 2022 - 24 hours minimum of notice needed ** Furniture’s in the photos are digitally created.

Looking for more information on 10/221 Lake St?

Explore comparables, sales history and growth for this property.

Learn more

Seller's review

almost 4 years ago

Verified Review

Sale of U10/221 Lake St, Cairns

With my experience, Claudio's professionalism and knowledge of the property market in Cairns was all that I hoped for and he was honest about the market. I have been dealing with Freemans Real Estate in Cairns for many, many years and I would not hesitate to recommend them to anybody requiring the services of the real estate and property management business.

Chris

Seller