4/516-518 Varley Street, Yorkeys Knob

Under Contract

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Modern & spacious top floor apartment close to the beach! Perfect to move in or to use as Airbnb! Investment Opportunity!

Are looking for a modern & spacious top floor apartment in a secure complex or your next Airbnb money maker property? Stop Looking this is the property for you!

Located in a small complex of 10, close the shops, schools and just a small walk away from the beach, this apartment is just 15 minutes’ drive from the Cairns CBD.

With large ceramic tiles to the living and wet areas, high ceilings throughout, the apartment is full of natural light due to the plentiful windows. The living area is open plan to the modern fully equipped kitchen and is large enough to provide separate dining and living areas.
The bedrooms are to one side of the lounge and provide two larger than normal bedrooms. The master has a walk-through robe to the spacious en-suite and sliding glass doors that lead directly out on to the balcony, while the second bedroom has built in robes and use of the main bathroom which includes a bath, separate shower, and toilet.

The unit features:

* Main Bedroom carpeted & airconditioned with walk-in wardrobe, en-suite, fan, and security screens
* Carpeted & airconditioned bedroom with built-in wardrobe and fan
* Neat and tidy bathroom with shower & bathtub
* Spacious and fresh tiled living area
* Bright and modern kitchen with plenty of storage
* Large Balcony
* Undercover carport
* Swimming pool
* BBQ area
* Private and secure storage in front of the carport
* Car wash bay
* Electric sliding gate


For investors:

This property could be used as long term rental or due to the vicinity to the beach and Cairns Airport ii could be used as Airbnb.

Price: $280,000
Current Rent: $300
Rental Appraised: $330 - $350 per week
Airbnb Appraised: $150- $200 per night
Rates: $2,600 approximately per year
Body Corporate: $4,394 per year

Potential long term rental Yield: Approximately 4% (Estimate only)
Potential Airbnb rental Yield: Approximately 10% (Estimate only)
Potential annual long term rental income: $18,200 (Estimate only)
Potential Airbnb rental income: $43,800 (Estimate only - based on 80% occupancy and low season rates excluding cleaning and management fees)

Unit is currently tenanted - 24 hours notice are needed to inspect the property.
Contact Claudio now at claudio@freemans.property to organise a private inspection.
*Photo taken before the tenant moved in
** Investors potential income are approximate, based on current market and may vary.

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Under Contract

Information

Property Type: Apartment
Land Size: 121m2

Property Features

Broadband Built in Robes Dishwasher Ensuite Hot Water Electric Balcony Courtyard Fully Fenced Outdoor Entertainment Pool (In Ground) Secure Parking Air Conditioning Split System (Air Con)

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