43-45 Louie Piccone WayEdmonton QLD 4869
Property Details for 43-45 Louie Piccone Way, Edmonton
Last Listing description (March 2012)
20 X 1 BEDROOM UNITS - CASH COW IN PARADISE!
GREAT OPPORTUNITY TO PURCHASE THIS ENTIRE MOTEL COMPLEX SITUATED ON A PRIME RESIDENTIAL 3 UNIT BLOCK 5210M2 IN SIZE. EXCELLENT HIGHWAY EXPOSURE JUST 10 MINUTES FROM CAIRNS CITY.PACKAGE CONSISTS OF 20 X 1 BEDROOM FULLY FURNISHED UNITS, RESORT STYLE SWIMMING POOL, LAUNDRY FACILITIES, AND CURRENT MOTEL LICENSE. FABULOUS EXPANSION POSSIBILITIES WITH HIGH DENSITY ZONING. THE PRICE REFLECTS THE FACT THAT THE BUILDINGS DO NEED A LITTLE CARE AND ATTENTION. PERMANENT RESIDENTS IN PLACE ON A MONTH TO MONTH BASIS.CURRENT AVERAGE INCOME IS $140.50 PER WEEK, PER ROOM WITH PLENTY OF OPPORTUNITY TO IMPROVE THE FIGURES. 90% OCCUPANCY RATE ALL YEAR ROUND - MANY LONG TERM TENANTS. WITH THE RECENT INFLUX OF TRADESMAN TO THE AREA, YOU CAN BE REST ASSURED THAT THIS TREND WILL CONTINUE FOR MANY YEARS TO COME. EDMONTON HAS AMAZING PLANS IN PLACE AS THE GROWTH CORRIDOR OF CAIRNS. AN EXCELLENT RETIREMENT PROJECT FOR AN ENERGETIC OWNER/MANAGER OR SEMI-RETIRED COUPLE. ABSENTEE OWNERS RETIRING. ONE OF THE GREATEST RENOVATION OPPORTUNITIES SEEN IN CAIRNS FOR A LONG TIME!PHONE DEBBIE ALDRED ON 0402 969 316 OR EMAIL DEBBIE@MANAGEMENTEXCELLENCE.COM.AU FOR FURTHER INFORMATION.
Property History for 43-45 Louie Piccone Way, Edmonton, QLD 4869
- 20 Jan 2017Sold for $850,000
- 16 Dec 2011Listed for Sale OFFERS OVER $1 MILLION
- 30 Sep 2006Listed for Sale 1.3 MILL
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About Edmonton 4869
The size of Edmonton is approximately 20.5 square kilometres. It has 29 parks covering nearly 4.9% of total area. The population of Edmonton in 2016 was 10753 people. By 2021 the population was 11409 showing a population growth of 6.1% in the area during that time. The predominant age group in Edmonton is 10-19 years. Households in Edmonton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Edmonton work in a trades occupation.In 2021, 65.00% of the homes in Edmonton were owner-occupied compared with 61.10% in 2016.
Edmonton has 4,951 properties. Over the last 5 years, Houses in Edmonton have seen a 101.98% increase in median value, while Units have seen a 143.16% increase. As at 31 December 2025:
- The median value for Houses in Edmonton is $718,789 while the median value for Units is $384,938.
- Houses have a median rent of $640 while Units have a median rent of $450.
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