305/71-75 Lake Street
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About this property
Positioned in the heart of the city, this well-appointed 1-bedroom, 1-bathroom apartment presents an outstanding opportunity for savvy investors seeking strong returns and consistent occupancy. Currently operating as a successful short-term holiday rental, this property delivers an impressive turnover and is perfectly suited for Airbnb or holiday letting. With high demand from both business and leisure travelers, it offers immediate income potential from day one. The apartment features a modern layout, a private balcony with stunning city views, and access to a resort-style pool, making it highly appealing to guests year-round. Located within a secure complex with underground parking, it provides both comfort and convenience in a premium urban setting. Key Features: - 1 spacious bedroom, 1 modern bathroom - Secure underground parking - Private balcony with city views - Resort-style pool within the complex - Proven high-performing short-term rental - Strong occupancy and turnover rates - Positioned in a prime CBD location Whether you're expanding your portfolio or entering the short-term rental market, this is a rare chance to secure a low-maintenance, high-demand investment in a blue-chip location. $9,972.00 - Body corp. fees inclusive of electricity and water Rates - $3200.00
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Parking
- 1
- Listed
- 2 months ago
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Neighbourhood
Living in Cairns City
This 1-bedroom apartment in Cairns City, QLD 4870 sits within reach of public transport, local shops local amenities. It is listed 49% below the $590,000 median of 63 comparable apartmentswithin 5 km.
What's nearby
- Spence Street at Grafton Street (bus) — 205 m away
- The Crystal Caves — 31 m away
- Anzac Park — 288 m away
- Fogarty Park — 348 m away
- Rotary Park — 379 m away
Cairns City at a glance
Full suburb profile- Population
- 3,616
- Median age
- 44
- Household income
- $1,627/wk
- Median rent
- $413/wk
- Median mortgage
- $1,733/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Cairns City price trend
Median sold · Unit 1 bed
Compound growth +27.6% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Cairns City marketThis listing
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Price history
Listing price changes
1 price change recorded for this property
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