13/5-7 Water Street

Cairns City QLD 4870

Currently generating outstanding rental income for its owner, this property is a turnkey investment. Ideally situated in the heart of Cairns, it is within walking distance to shopping, dining, public transport, and the Esplanade—making it a desirable choice for both short-term holidaymakers and long-term tenants alike.

THE FACTS
Unit 1 – Spacious 1-Bedroom Apartment:
- Generous bedroom with ensuite and built-in wardrobe
- Separate lounge and dining area
- Fully equipped kitchen with modern appliances
- Expansive outdoor balcony overlooking the swimming pool

Unit 2 – Studio Apartment:
- Open-plan studio layout with ensuite bathroom
- Private balcony overlooking the swimming pool

Body Corporate: Approx. $6,060 per year
Council Rates: Approx. $3100 / year
Build Year: 2004
Rental Appraisal: Currently tenanted at $620 per week as a full 2-Bedroom / 2-Bathroom Apartment through to October 2025

Note: This property is classified as a serviced apartment and may be subject to specific lending criteria and residential usage restrictions. Buyers are advised to seek financial advice when making an offer.

These photographs have been enhanced for marketing purposes and may not reflect the actual appearance or dimensions of the property. They are intended to provide a visual representation of the property’s potential and should not be relied upon as a basis for making decisions about purchasing/renting. Prospective buyers/renter should conduct their own due diligence, including inspection and verification of property features and conditions. Champions In Real Estate are not responsible for any errors, inaccuracies, or misrepresentations in the photographs.

Champions in Real Estate is a licensed real estate agency. We are not licensed builders, inspectors or valuers and the information contained here has been provided to us by third parties. The information is for guidance only. Whilst we make efforts to ensure all information contained herein is gathered from sources we believe to be reliable, we provide no guarantees concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. It is not intended as building, pest, planning or other advice and should not be construed or relied on as such. Prospective purchasers must undertake their own due diligence, enquiries and undertake various searches to verify the information contained herein. The information has been prepared without taking into account your personal objectives or needs for the property. Before making any commitment of a legal or financial nature you should consider the appropriateness of the information having regard to your circumstances and needs and seek advice from appropriate advisors.