111/166-168 Lake Street, Cairns North, Qld 4870

Minutes’ walk to the Cairns Esplanade, CBD and Shopping Precinct.
Located in a Complex one street from the Esplanade, Is this open plan double apartment. Located on the second floor is a 1 bedroom 1 bathroom unit next door is a studio apartment with seprate bathroom and kitchen included. Both units are fully furnished and air conditioned throughout. Lift access, undercover secure off-street parking. Access to resort style pool, Tennis courts. Next to the Cairns Base Hospital, Cairns Private Hospital and medical facilities These are great units in a perfect location. Although being on one lot this property is currently being rented as two separate premises. One being a totally self-contained studio apartment achieving $350.00 per week. The other is a totally self-contained one-bedroom apartment achieving $350.00 per week with the potential to increase at the end of the current lease. A combined Income of $700.00. Great Tenants in place.  The rentals, currently achieving rental returns of $700 per week. Total of $36,400 per annum income.
Body Corporate Fees $11,764.66 per annum
Council Rates $2918.58 , per annum.
What an investment! Get in Quick as this is sure to sell.
Call on 0434594077or email to view on appointment.