INVESTMENT - 2 BEDROOM APARTMENT - POPULAR LAKES RESORT COMPLEX - CAIRNS NORTH

This furnished, North facing 2-bedroom end apartment, is located on the first floor in the desirable Somerset Building within the picturesque Lakes Resort complex, it offers a perfect blend of comfort and resort-style living. The apartment features a spacious open-plan lounge and dining area, kitchen with gas stove, granite bench top and air conditioning for year-round comfort. Both bedrooms feature new carpets for a fresh feel. Enjoy a private balcony with a leafy outlook, ideal for relaxation or entertaining. The apartment includes a single basement car space with cage storage.

Currently tenanted with a reliable tenant who has been in place for 7 years, the property generates a rental income of $470 per week, with a lease secured until August 2025. Rental appraisal $550-$580p.w.
Body corporate fees are $10,461 per year and 20% discount for prompt payment of levies which makes it $8,369 per year.

The Lakes Resort complex offers a wide range of high-quality facilities, including four in-ground pools with a spa, a sauna, eight BBQ areas, manicured gardens, a tennis court, and more. Enjoy peace of mind living in this secure, gated community, conveniently located just a short stroll from local restaurants, cafes, and the beautiful Botanic Gardens. Cairns city is only minutes away, providing easy access to urban amenities.

Property ID: 1346702