13/164 Spence St, Bungalow, QLD, 4870

For Sale

13/164 Spence St, Bungalow, QLD, 4870

Offers Over $529,000

89 m²

Unit

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Next inspection:: Saturday 27 June 11:00 AM

Inspection times

27th Jun

Saturday

11:00 AM - 11:30 AM

What's around 13/164 Spence St

Live, Holiday or Invest – Income-Producing Resort Apartment "Focus on Spence"

Positioned within a secure and beautifully maintained resort-style complex of just 48 residences, this ground floor apartment presents an exceptional opportunity for both owner occupiers and investors seeking convenience, comfort and lifestyle. Ideally located within easy walking distance to the Cairns CBD, Cairns Central Shopping Centre and the Esplanade, enjoy the benefits of low-maintenance living in one of Cairns' most convenient locations. The ground floor position provides effortless access, while the enclosed patio offers a private retreat with direct access to the lush gardens and sparkling resort-style pool-perfect for embracing the tropical lifestyle year-round. Inside, the apartment offers a generous open plan living and dining area, complemented by built-in wardrobes and split system air-conditioning throughout for year-round comfort. The sought-after south-easterly aspect captures natural light while avoiding the harsh afternoon sun. Currently operating as a successful Airbnb accommodation, the property presents an attractive opportunity for investors seeking immediate income potential. Historical financial information is available upon request, with the property having historically generated approximately $30,000 net per annum. Buyers should make their own enquiries regarding future income expectations. Whether you're searching for a city-fringe home, lock-and-leave lifestyle or secure investment opportunity, this property offers outstanding value in an enviable location. The Facts Ground floor position for easy access Enclosed patio with direct access to gardens and resort-style pool Spacious open plan living and dining area Desirable south-easterly aspect with no western afternoon sun Built-in wardrobes and split system air-conditioning throughout Easy walking distance to Cairns CBD, Cairns Central and Esplanade Secure gated complex with onsite management Tropical resort-style swimming pool Currently utilised as a successful Airbnb accommodation Historical financial information available upon request Historically returning approximately $30,000 net per annum* Body Corporate Fees: $9,174 per annum Rates: $3,266 per annum *Income figures are historical only and should not be relied upon as an indication of future performance. Contact Giles today to arrange your private inspection and discuss the property's investment potential in more detail. Please note a minimum of 24 hours' notice is required for all inspections. 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.