Sold
+ 14

14/186-198 Lake Street, Cairns North

SOLD for $389,000

2 1 1

Blue-Chip Esplanade Precinct Investment – Long Lease ROI 6% + Airbnb Potential

Positioned right next door to the Cairns Base Hospital and just around the corner from the Cairns Esplanade, this apartment is located in one of the most tightly held and consistently high-demand pockets of Cairns. With cafés, transport links, the Esplanade, and major employment hubs all within metres, this is blue-chip inner-city living at its best.

Constructed from solid concrete block and finished with durable vinyl flooring, the property is perfectly suited to investors seeking a low-maintenance, tenant-friendly home in a premium location. Currently leased to long-term tenants at $450 per week until 28 September 2026. Zoned Tourist Accommodation, there is also potential for Airbnb/short-stay letting in this prime holiday location.

The layout offers practical everyday living, featuring an open-plan lounge and dining area flowing onto the balcony, a functional kitchen, bathroom, and internal laundry. Both bedrooms include built-in wardrobes, with split-system air-conditioning and ceiling fans throughout. The complex includes an undercover carport and a swimming pool.

Current Fixed Lease: $450 per week to 28.09.2026
Council Rates: $3,200 per annum approx
Body Corporate Fees: $7,900 per annum approx
Sinking Fund Balance: $156,000 approx

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.

Features

Balcony in-Ground Pool Block Construction Car Parking - Surface City Views Close to Schools Close to Shops

Details

Address 14/186-198 Lake Street, Cairns North
Price SOLD for $389,000
Property Type Residential
Property ID 1702
Category Unit
Floor Area 84 m2

Share

  • Print
Get Directions
Zoe Wicks photo

Zoe Wicks

0477 114 778

Let Our Values And Experience In Property Guide You

You'll soon see why we are the number one positively reviewed agency in Queensland. We always place our clients first.

SELLING WITH USMANAGE WITH US