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218/191 Mcleod Street, Cairns North, QLD 4870

Under ContractSold on March 5, 2021

Superb Hotel Serviced Apartment Investment with guaranteed income in letting pool

Superb popular 2 bedroom 1 bathroom with laundry ground floor Holiday Serviced Apartment inside the "Tradewinds McLeod Holiday Apartments" positioned perfectly next to the huge resort pool near the rear of the premises with great rental returns increasing with increasing tourism and infrastructure in the area. Get a foot in the market while it is grossly under priced and waiting to boom. Great location over the road from shops, bus stops and close to the hospital. This unit has recent NEW furniture, NEW white goods, kitchen refurbishment, ready to earn you a guaranteed income from the holiday letting pool from the day of settlement with nothing more to spend. This is a very popular apartment with holiday guests requesting a ground floor apartment next to the pool for easy access. The pool is a live with kids swimming during holiday periods from all over the world. The swimming pool is humongous with a large sail shade and has plenty of seating and a BBQ area. New pathways from the back doors of the unit to the pool with lovely path lighting illuminating the way at night time. Plenty of onsite parking behind security gates with the complex protected by CCTV. Features: -Onsite management -Tiled throughout -Full sized kitchen -Open plan living/dining -NEW LED Lighting has been fitted with dimmers -Daikin split airconditioners throughout -Built in wardrobes to both bedrooms -Patio area -Fully furnished -Solar panels on Common Area power supply • Body corp. fees approx. $87 p/w • Council rates and water approx. $47 p/w • Holiday rental average $270 p/w NETT (After management fees and unit maintenance) • Purchase price $148,000 • GROSS Yield approx. 10% * Hotel is very well managed by the onsite manager who keeps things well maintained all year round. VIEWING BY APPOINTMENT ONLY. 7 days a week. * Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures supplied.

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Wayne Musson
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General Features

Bathrooms: 1
Bedrooms: 2
Car Spaces: 1
Indoor Features

Outdoor Features

Open Spaces: 1

Other Features

internal laundry
modern bathroom
modern kitchen
renovated bathroom
renovated kitchen
close to parklands
close to schools
close to shops
close to transport
near waterfront

Nearby Schools


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