Renovated beach beauty - Great investment opportunity

9-11 Amphora Street, Palm Cove, 4879

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Contact for PriceFor Sale
  • Ownership Type Apartment
  • Property Area 65 sqft
  • Bedrooms 1
  • Bathrooms 1
  • Furnished No
  • Last Updated 21st Dec, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Carport: 1
  • Courtyard
  • Fully Fenced
  • Secure Parking
  • Swimming Pool - Inground
  • Air Conditioning
  • Broadband Internet Available

Property Overview

You’re welcome to inspect this great one bedroom apartment in Amphora Street, Palm Cove.<br/><br/>With two fully renovated units for sale you can choose to buy one (for $240,000) or secure both of them (Price to be negotiated)! This is a unique opportunity to purchase a low maintenance money maker investment property.<br/><br/>All located on the ground floor just a short walk to the World-famous Palm Cove Beach and less than 20 minutes’ drive from Cairns International Airport.<br/><br/>With light neutral colours and plenty of natural light each unit is complimented by the position and property features. Glass louvres freshly painted white walls, privacy screens, new modern kitchen & bathroom, lovely finishing, new flooring, and your own private courtyard area. The bedroom has a privacy screen outside so you can leave the curtains and windows open for cooling breezes and the renovated bathroom has a modern and stylish look.<br/><br/>With only 12 apartments in the complex and a large pool with feature wall and shower this home has the lot, just a short stroll to Palm Cove Beach and restaurants.<br/>A lovely lifestyle awaits!<br/><br/>Features include:<br/><br/>* One bedroom<br/>* One fully renovated neat and tidy bathroom<br/><br/>* Modern Kitchen with plenty of cupboard space and breakfast bar<br/>* New Flooring<br/>* Fully airconditioned<br/>* Private Backyard<br/><br/>* One secure allocated car parking space<br/>* Shared pool<br/>* Short walk from the beach<br/><br/>* 20 minutes drive from Cairns International Airport<br/>* Low maintenance<br/>* Low body corporate<br/><br/>For investors:<br/><br/>Price: $240,000 (Each unit)<br/>Rental appraised long term: $310 - $350 per week<br/>Rental appraised holiday letting: $150 - $180 per night depending on the season<br/><br/>Rates: $2,600 approximately per year<br/>Body Corporate approximately : $4,461.49 per year -<br/>10% discount for prompt payment ($4,015.34)<br/><br/>Potential rental Yield long term rental: Approximately 5.2% (Estimate only based on the highest rent return).<br/>Potential rental Yield holiday letting: Approximately 17% (Estimate only based on the highest rent return)<br/><br/>Potential long term rental income: $18,200 (Estimate only based on the highest rent return)<br/>Potential holiday letting income: $ 43,350 (Estimate only based on the highest rent return and 70% occupancy)<br/><br/>Call Claudio now to organise your private inspection - a notice of 24 hours is needed to inspect the property.

Location on Google Map

9-11 Amphora Street, Palm Cove, 4879

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