24/35 Louie Piccone Way, Edmonton, QLD, 4869

SoldJun 28, 2026

$218,500

29 sq.

41 sq.

Studio

•

1 day on the market

Sold: Jun 28, 2026

What's around 24/35 Louie Piccone Way

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.

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Buyer's review

4 days ago

Verified Review

Great experience

Tate was always easy to get hold of and good to deal with. He helped to reassure the seller and helped me get my finance extensions when getting my finance approved in my SMSF was completely doable but also a real pain. The financier was painfully slow and a nightmare. He understood the situation and helped his vendors make good decisions. Highly recommend.

Buyer

Seller's review

4 days ago

Verified Review

Dedicated beyond the sale!

We were contacted out of the blue by Nate when we weren’t even considering a sale… 2 weeks later we had a contract exchanged with a complex record to boot! Nate is very focussed on ensuring as a seller we are kept up to date with everything as it happens. I couldn’t recommend him enough and I look forward to experiencing things on the other side when we repurchase in the near future!

Seller