24/35-37 Louie Piccone Way

Edmonton QLD 4869

Positioned within the well-known Gateway Lodge Apartments, this low-maintenance studio presents an excellent opportunity for investors seeking immediate returns and future growth.The property offers a practical and functional layout, complete with its own undercover carport directly beneath the unit. Inside, the studio has been refreshed throughout, featuring an updated kitchen, air-conditioning, and washing machine taps for added convenience.Currently tenanted at $320 per week , the property provides instant income, with strong future rental potential estimated between $380-$400 per week.Residents of the complex enjoy access to an in-ground swimming pool, along with an onsite coin-operated laundry. The location is highly convenient, just moments from local shops including IGA, childcare facilities, and positioned on a bus route with direct access to the Cairns CBD.- Studio apartment with 1 bedroom / 1 bathroom- Undercover carport positioned beneath the unit- Updated kitchen and refreshed interiors- Air-conditioned for year-round comfort- Washing machine taps within the unit- In-ground swimming pool within the complex- Onsite coin-operated laundry- Close to shops, childcare and public transport- Current Rent: $320 per week- Rental Potential: $380-$400 per week- Body Corporate Fees: approx. $935 per quarter- Council Rates: approx. $3,200-$3,300 per annumWith low maintenance, solid returns, and upside potential, this is the ideal set-and-forget investment.