Just Listed
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113/166-168 Lake Street, Cairns North

Mid $400,000's

2 2

ENDLESS APPEALL, LIMITLESS OPPORTUNITY, ULTIMATE VERSATILITY

Discover an exceptional opportunity to own one of the most versatile and sought after property configurations around. The coveted, dual-key apartment in the heart of Cairns CBD.

This high-yielding property is the ultimate, investment opportunity for any prudent investor or makes for an exceptionally flexible living arrangement for an owner occupier. Live in one side and lease out the other.

*Inspections strictly by appointment*

Property Features:
- 1 fully self contained 1-bedroom apartment
- 1 studio apartment
- Separate entry to both properties plus internal access
- Fully renovated bathrooms
- Convenient lift access, top floor location
- Walk to shops, restaurants, and the Esplanade
- Next to Cairns Hospital, positioned near a major expansion, boosting future property values

The Figures
- Studio leased for $300 per week
- Apartment leased for $450 per week
- Attractive net returns of 5.5%
- Body corp of $11,764 annually
- Council rates $3,000 approx annually

Whether you're an astute investor looking for strong cash flow, or a homeowner wanting a flexible living arrangement with rental income potential, this property is an incredible opportunity you don't want to miss!

For all enquiries, contact Tim Lyon on 0400 355 706.

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.

Features

Balcony Secure Parking Tennis court

Details

Address 113/166-168 Lake Street, Cairns North
Price Mid $400,000's
Property Type Residential
Property ID 970
Category Unit
Floor Area 93 m2

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Tim Lyon

0400 355 706

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