218/191-193 Mcleod StreetCairns North QLD 4870
Property Details for 218/191-193 Mcleod St, Cairns North
218/191-193 Mcleod St, Cairns North is a 2 bedroom, 1 bathroom Unit and was built in 1988. The property has a land size of 61m2 and floor size of 61m2.
Last Listing description (March 2023)
Superb popular 2 bedroom 1 bathroom with laundry ground floor Holiday Serviced Apartment inside the "Tradewinds McLeod Holiday Apartments" positioned perfectly next to the huge resort pool near the rear of the premises with great rental returns increasing with increasing tourism and infrastructure in the area. Get a foot in the market while it is grossly under priced and waiting to boom. Great location over the road from shops, bus stops and close to the hospital.
This unit has recent NEW furniture, NEW white goods, kitchen refurbishment, ready to earn you a guaranteed income from the holiday letting pool from the day of settlement with nothing more to spend.
This is a very popular apartment with holiday guests requesting a ground floor apartment next to the pool for easy access.
The pool is a live with kids swimming during holiday periods from all over the world. The swimming pool is humongous with a large sail shade and has plenty of seating and a BBQ area.
New pathways from the back doors of the unit to the pool with lovely path lighting illuminating the way at night time.
Plenty of onsite parking behind security gates with the complex protected by CCTV.
Features:
-Onsite management
-Tiled throughout
-Full sized kitchen
-Open plan living/dining
-NEW LED Lighting has been fitted with dimmers
-Daikin split airconditioners throughout
-Built in wardrobes to both bedrooms
-Patio area
-Fully furnished
-Solar panels on Common Area power supply
Body corp. fees approx. $87 p/w
Council rates and water approx. $47 p/w
Holiday rental average $270 p/w NETT (After management fees and unit maintenance)
Purchase price $148,000
GROSS Yield approx. 10% *
Hotel is very well managed by the onsite manager who keeps things well maintained all year round.
VIEWING BY APPOINTMENT ONLY. 7 days a week.
* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures supplied.
Property History for 218/191-193 Mcleod St, Cairns North, QLD 4870
- 15 Mar 2023Listed for Sale Not Disclosed
Recent sales nearby
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0About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. There are 6 parks, covering nearly 9.7% of the 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 3,987 properties. Over the last 5 years, Houses in Cairns North have seen a 53.53% increase in median value, while Units have seen a 110.54% increase. As at 30 April 2026:
- The median value for Houses in Cairns North is $796,214 while the median value for Units is $498,352.
- Houses have a median rent of $650 while Units have a median rent of $540.
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