122 Lake StreetCairns City QLD 4870
Property Details for 122 Lake St, Cairns City
Last Listing description (March 2017)
CBRE Hotels is proud to present the Novotel Cairns Oasis in the leading hotel growth market in Australia.
INVESTMENT HIGHLIGHTS
THE LARGEST LANDHOLDINGS IN CAIRNS CBD
SECOND LARGEST HOTEL IN CAIRNS
With 314 rooms, this is Cairns' second largest accommodation offering.
FINANCIAL NET RETURN TO INCOMING OWNER
Strong performance with the ability to substantially increase net return.
VACANT POSSESSION
Vacant Possession is available upon sale.
UNRIVALLED LOCATION IN CAIRNS CBD
The hotel is located in Cairns, the gateway to World Heritage listed Great Barrier Reef and The Daintree Rainforest, in an unrivalled location on Lake Street, adjoining the Cairns Aquarium development and one block from the Performing Arts Centre development.
CAIRNS - AUSTRALIA'S LEADING MAJOR HOTEL GROWTH MARKET
Cairns is witnessing an impressive tourism rebound with record high visitor arrivals and double digit growth in RevPAR - up 12.6% Feb YTD according to STR.
*Approx
Outlines on aerial image indicative only
Property History for 122 Lake St, Cairns City, QLD 4870
- 26 Sep 2016Sold for $46,080,000
- 06 Apr 2016Listed for Sale EOI Closing 12/05/16 @ 1pm
Recent sales nearby
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0About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation.In 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.
Cairns City has 3,421 properties. Over the last 5 years, Houses in Cairns City have seen a 60.75% increase in median value, while Units have seen a 56.07% increase. As at 31 July 2026:
- The median value for Houses in Cairns City is $734,411 while the median value for Units is $606,586.
- Houses have a median rent of $488 while Units have a median rent of $600.
Suburb Insights for Cairns City 4870
Market Insights
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