Property Details for 263 Lake St, Cairns North
263 Lake St, Cairns North is a 8 bedroom, 8 bathroom Unit with 4 parking spaces and was built in 1960.
Last Listing description (September 2023)
WHOLE COMPLEX! 8 SELF CONTAINTED APARTMENTS
This rare whole complex is centrally located on a Prime Corner Position. It has been well maintained and is within close walking proximity to everything in Cairns.
- 6 X 1 bedroom
- 2 x 2 bedroom
- 2 x Guest laundries
- Off-street parking
- No body corporate fees
- Rental income in 2022 in excess of $200,000
- Council Rates: Approx. $17,600 p.a.
- Insurance: Approx. $14,500 p.a.
Sensational city location consistently enjoying maximum capacity. Air B&B, holiday rentals from a few days to weekly basis and very popular with short-term corporate clients. A short drive to International airport, Cairns City and walking distance to hospitals and other medical facilities. If you are looking for a long-term secure investment in Cairns, I would encourage you to seriously consider this outstanding opportunity.
Replacement costs of such an investment would be well in excess of the asking price.
Express your interest and submit your formal offer by contacting Margrit Allen on 0412 508 680.
Disclaimer:
All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Property History for 263 Lake St, Cairns North, QLD 4870
- 03 Mar 2023Listed for Sale Opportunity Knocks! Contact Agent
- 09 Mar 2013Listed for Rent $195 per week
- 16 Aug 2012Listed for Rent $205 per week
Recent sales nearby
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0About Cairns North 4870
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 4,002 properties. Over the last 5 years, Houses in Cairns North have seen a 47.21% increase in median value, while Units have seen a 102.97% increase. As at 31 December 2025:
- The median value for Houses in Cairns North is $724,015 while the median value for Units is $465,575.
- Houses have a median rent of $550 while Units have a median rent of $500.
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