209 Lake St, Cairns North is a 14 bedroom, 9 bathroom Unit with 2 parking spaces and was built in 1991. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in July 2018.
Forget Management Rights, buy this, earn more and own the whole thing. Currently returns up to $6,000 per week, managed by one person on-site.
Needing new management or a new strategy to take this to the next level, the property has a mix of recently refurbished self contained units and rooms with shared bathroom, kitchen and laundry facilities. Property has plenty of space for additional rooms as well as potential for much needed coffee shop and tour desk.
Investment possibilities abound for hands-on or reconfiguring to hands-off investment, call for the buyers prospectus and further information.
* self contained units
* 13 rooms with shared kitchen, bathroom and laundry
* Pool
* Large shed
The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2016 was 5191 people. By 2021 the population was 5334 showing a population growth of 2.8% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation.In 2021, 33.80% of the homes in Cairns North were owner-occupied compared with 29.20% in 2016.
Cairns North has 4,003 properties.
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