City Opportunity Mixed Letting
Property ID: 

C0229

Location: 
Cairns
Asking Price: 
$2,300,000
Letting Type: 
Holiday/Permanent
Building Type: 
4 levels with lift
Net Profit: 
$430,872

You've arrived - Modern, exclusive 4 level resort in a prime location adjacent to the Cairns Esplanade. Offering a total of 95 spacious two and three bedroom apartments with 63 in the current letting pool, this quality resort is in a high demand area. Excellent Body Corporate salary and good Agreements. A mix of holiday and permanent letting is offered. Further conversion to holiday letting is envisaged as demand requires. Opportunity for manager to upgrade to 3 bedroom apartment. Cairns long term rental vacancy rate is down to 2% with rentals rising. No new apartment properties have been built for 8 years. Rarely do opportunities for properties of this calibre and upside come along. Manager allowed small pet with Body Corporate approval.