29/327-329 Lake Street

Cairns North QLD 4870

Keenly positioned on the 1st floor, apartment 29 showcases a perfect example of a property built to stand the test of time. In mostly original condition, the apartment is completely serviceable in an as is condition, but leaves scope for a new owners vision should they wish to capitalise on the blank canvas before them. A quaint floor plan that wastes no excess space, these apartments are wonderfully low maintenance, incredibly economical to upgrade and offer the opportunity for a supremely convenient lifestyle, without breaking the bank.

Features we love;
- Fully tiled throughout
- Brand new split system air-conditioning
- Open Plan living & dining space
- Living area opens directly out to main balcony
- Both bedrooms feature built-in wardrobes
- Large outdoor balcony, great for entertaining
- Internal Laundry
- Seperate Lock-up garage space
- Bullet proof, block construction
- 2x Sparkling in-ground pools in complex
- One street back from the Esplanade
- Just a 5 minute drive to Cairns CBD

The Figures;
- Currently leased for $500 per week
- Council rates approx $3250 per annum
- Super cheap strata at just $4,000 approx per annum
- Built 1994
- 50 apartments in the complex

These apartments rarely make it to the market. With one of the cheapest body corporates in town, seperate and secure lockup garages and a standout location, it's easy to see why.

For the investors - Returns as solid as the concrete walls the property boasts, Bayside City has always received high longterm tenancy demand. If higher yields are more your flavour, the complex receives stellar demand on the short term market thanks to its terrific location, sparkling pools and simple yet elegant floor plans, all without extortionate body corporate levies eating into your returns!

For more information about the sale, or if you have any questions about selling your property, please contact Tim Lyon on 0400 355 706.

*please note, the photos pictured are strictly indicative only. While every effort has been made to reflect the current condition of the property, to maintain the privacy of the tenants example photos have been used*

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.