4/284 Lake Street
Cairns North, QLD 4870

Overview

Secure Investment with Strong Returns & Massive Future Growth Potential

This ground floor corner unit offers a practical and functional layout spanning 64 square meters, ideally situated in the convenient and sought-after location of Cairns North. The property features two bedrooms and one bathroom, complemented by a single car parking space, making it an excellent choice for both owner-occupiers and investors.

Currently tenanted at $520 per week with a lease extending until July 2026, this unit provides immediate rental income, presenting a secure investment opportunity. Its proximity to key amenities such as Cairns Base Hospital and the Cairns Esplanade ensures strong tenant appeal, catering to those seeking convenience and lifestyle benefits within walking distance.

The unit's position on the ground floor corner enhances privacy and accessibility, while the compact yet efficient 64 square meter floor plan maximizes usable space. This property is well-suited for investors looking for low-maintenance accommodation with strong long-term capital growth potential in a city-fringe location.

Key Features:

• Ground floor corner position offering privacy and ease of access
• Two comfortable bedrooms providing ample living space
• One well-appointed bathroom
• Single car parking space included
• Functional 64 square meter layout
• Walking distance to Cairns Base Hospital and Cairns Esplanade
• Strong potential for future capital growth in a desirable location

Investment Highlights:

• Low body corporate fees contributing to cost efficiency
• Council rates approximately $1,650 per annum
• Body corporate levies approximately $5,600 per annum
• Currently leased at $520 per week until July 2026, ensuring steady rental income
• Rental appraisal suggests potential income between $520 and $540 per week
• Full Seller Disclosure Statement available upon request for transparency

Additional Information:

• Video walkthrough available upon request
• Open homes held every Saturday until the property is sold
• Private inspections are welcomed with a minimum of 48 hours notice due to existing tenancies

The property will be sold by in-room auction on Tuesday, 28th April 2026, held at the Bluewater Bar & Grill in the White House Room, commencing from 5:30pm. This presents a timely opportunity to secure a solid investment in a thriving market.

Overall, this unit represents a secure and attractive investment with strong returns and significant future growth potential, located in a highly convenient and desirable part of Cairns North.

Change History

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