Your Partner in Success
Your Partner in Success
Investor confidence in North Queensland is High.
Investor confidence in North Queensland is High.
More Resort for your Dollar
More Resort for your Dollar
Exclusive Permanent / Holiday Cairns CBD
Property ID: 

C0307

Location: 
Cairns
Asking Price: 
$2,030,000
Letting Type: 
Holiday/Permanent
Building Type: 
Medium Rise
Net Profit: 
$378,138

Contemporary, exclusive four-level mixed letting resort in a prime, quiet northern location adjacent to the Cairns Esplanade.
Ideally positioned at the quieter end of the Esplanade yet still handy to all the city has to offer
Offering a total of 95 spacious two and three bedroom apartments, this quality residential / holiday resort is in a high demand area.
Excellent body corporate salary and good agreements.
A good mix of holiday and permanent letting is offered.
Further growth ongoing as conversion to holiday letting progresses as demand requires. Future net will exceed $400k.
Cairns long term rental vacancy rate is down to less than 2% with rental rates rising.
No new apartment properties have been built for ten years.
Rarely do opportunities for properties of this calibre and upside come along.
Opportunity for manager to upgrade to 3 bedroom apartment.
Small manager pet allowed.
Gallery Vie compliant.

Contact Calvin for further property details.