Positioned just one street back from the iconic Cairns Esplanade and a short stroll to the Cairns Base Hospital, 268 Lake Street presents an exceptional opportunity to secure a fully-tenanted, well-maintained four-unit complex in the heart of Cairns North.
Neatly tucked away and comprising of four renovated two-bedroom, one-bathroom residences on a single freehold title, this solid investment boasts quality long-term tenants, consistent rental returns, and a location that continues to drive demand from both renters and owner-occupiers alike.
Each unit features open-plan living and dining areas, updated kitchens and bathrooms, and light-filled interiors that maximise the tropical lifestyle. Additional value is provided through a secure, lockable storage room allocated to each unit at the rear of the complex a rarity in this market.
Key Features:
- Four x 2-bedroom, 1-bathroom units on one freehold title
- Fully renovated interiors (advertised photos are of Unit 2)
- Repainted interior and exterior, still presenting as new
- Common areas are exceptionally maintained & visually appealing
- Lockable storage room for each unit at the rear of the complex
- Sparkling in ground concrete swimming pool with waterfall feature
- Outstanding location: one street back from the Cairns Esplanade
- Well-established tenants in place providing secure & steady income
- Opportunity to capitalise on future growth & development potential (STCA)
- Current council rates: $12,033.20 per annum (subject to change)
- Water Usage & Electricity: Separately metered and tenant-paid
Rental Income Summary:
Unit 1 $465 p/w (last increase 25/06/25)
Unit 2 $465 p/w (last increase 05/02/25)
Unit 3 $465 p/w (last increase 06/11/24)
Unit 4 $495 p/w (last increase 21/05/25)
Total Weekly Income: $1,890 | Total Annual Income: $98,280
This is a standout opportunity for astute investors looking for a low-maintenance, high-demand asset in a premium inner-city location. With the Cairns CBD, airport, hospitals and schools all within easy reach, properties of this calibre are rarely offered and highly sought-after.
For further details or to arrange your private inspection, contact Daniel Gibbs today on 0432 606 645.
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