29/294-298 Sheridan Street, Cairns North

RECEIVER APPOINTED - PRIME INVESTMENT OPPORTUNITY NOT TO BE MISSED

Twomey Schriber, acting under instructions from Hall Chadwick, is pleased to present this fabulous investment property in the beautifully presented Tropic Towers Apartment Complex.

FOR SALE via. Expressions of Interest closing Friday 20th September, 2024 at 5pm (AEST).

Offering buyers the opportunity to secure a quality investment in a key city location, two streets from the Cairns Esplanade waterfront and parklands.

SOPHISTICATED DESIGN - FABULOUS LOCATION - ELEVATED PEACEFUL OUTLOOK TOWARDS WATERFRONT
Bright and inviting, this lovely open plan apartment offers buyers a relaxed holiday lifestyle of maximum comfort and tranquil views.

Close to city, waterfront and airport, perfect for leisurely walks or short drives to the magnificent Cairns Botanic Gardens, Boardwalks, Hospitals, Olympic Pool, Tennis Centre, shopping village, newsagent, doctors, bottle shop, supermarket. Nearby walking and bike trails, restaurants, cafes, sports and entertainment.

INVESTMENT DETAILS

INCOME
Annual return: 2023/2024 financial year $24,000 approx. net to owner for comparable level apartments
Rental opportunity: Onsite managers offering great returns that are steadily increasing, in a split income pool
Electricity deducted from gross pooled income

OUTGOINGS
Council Rates: $2,900 approx. per annum
Body corporate levies: $10,648 approx. per annum
Water: Billed direct to owner/per usage

APARTMENT FEATURES/DETAILS - NOT LIVE IN PERMANENT OCCUPATION
Council zoning: Short term accommodation
Date registered: 1994 Tenancy: Vacant possession
Floor size: 59m2 Parking: Off street area parking
Inclusions: Inventory of furnishings including whitegoods
Newly painted throughout
Well designed kitchen with dishwasher
Laundry/bathroom combination, Electric hot water system
Central air conditioning

COMPLEX DETAILS
Facilities: Tropical shady resort pool with spa, dining, relaxation areas, barbeque
Public transport: Bus stop pick up at front of complex

CONTACT KAREN TO INSPECT - 0438 324 207

Disclaimer: 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 information contained herein.