11/34-40 Lily Street, Cairns North, QLD 4870

Apartment 3 2 2
Sold Price Not Disclosed (19 Apr 2018)
**PRICE REDUCTION** Fully Furnished 3 Bed / 2 Bath Apartment in Cairns
Fully Furnished 3 Bedroom Apartment Close to City with EXCELLENT rental returns!

Ideally located at the rear of a small complex of 26 sits this well presented freshly painted fully ducted air-conditioned modern 3 bedroom apartment with 2 bathrooms (both with brand new toilets) and remote single lock-up garage. The complex boasts security gated vehicle and pedestrian access with intercom, swimming pool and BBQ area.

The tiled open plan living area adjoins the kitchen with dishwasher, electric cooktop, wall oven tower, and overhead cupboards. All quality carpeted bedrooms have built-in robes with the main bedroom having a queen bed with an ensuite and direct access to the spacious tiled balcony with leafy, tropical outlook. The second bedroom has 2 single beds and also has its own tiled balcony and the third bedroom has a single bed but could well be utilised as an office or study.

Other features include blinds throughout, tinted windows, electric hot water, and internal laundry with clothes dryer.

The apartment is currently set-up as a fully-furnished AirBnB rental and has been operating since August 2017. It has current 6 month gross earnings of $13,356 to the end of January's bookings (Not including 2 weeks over Xmas & NY period as it was occupied by myself) and has future bookings into July this year. This makes a great investment with excellent returns and the flexibility of adjusting daily rates (currently at $140/night). The other benefit to operating the apartment through AirBnB is that you can block out days in which you don't want to rent it out, great if you're wanting to stay there yourself.

Do the numbers and you will see that this adds up as a positively geared investment or if you choose to be an owner occupier it is a fantastic apartment with plenty of space for a couple or family.

Great handy location with close proximity to the city, airport, Esplanade, schools, local shopping, the Botanic Gardens, walking tracks and public transport.

Body Corp - $1339 / QTR
Council Rates - $1241 / 6mths

Please enquire for further details

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Features

Air Conditioning, Balcony/Patio/Terrace, Built-ins, Dishwasher, Ensuite, Furnished, Internal Laundry, Remote Garage, Balcony, Secure Parking, Swimming/Lap Pool, Intercom, Close to Parklands, Close to Shops, Close to Transport

Keylaw provides residential conveyancing services in Queensland. Please call Sam on 0457 106 910 or email contracts@keylaw.com.au.

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