Top investment return makes this top floor unit in Cairns a bargain

first_imgFor sale: 16/184 Mcleod Street, Cairns NorthThis is the time to jump in quick with two of the fully furnished units also having a large balcony and all units with access to a shared pool.Another great holiday apartment investment can be found at 19/259 Sheridan Street, Cairns North for $75,000 close to the CBD.There are plenty of bargain buys in the tropics, sometimes it just takes a little digging. More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoSold for $89,000 29/324 Sheridan Street, Cairns NorthWith a combined lounge/dining area, updated bathroom, plenty of natural light and breezes and shared pool, this could easily be an investment dream buy.The average two-bedroom apartment in Cairns North sells for $475,000 and is expected to rent for $375 per week.If owning a tropical investment sounds like the right plan for you then you’re not too late.There are three one-bedroom holiday apartments on the market for $85,000 each at 6/184 Mcleod Street in Cairns North with a southern investor liquidating their city units. Bargain buy of the week goes tropical.TROPICAL heat and a sizzling gross return on investment of around nine per cent make this apartment our Bargain of the Week.Sold for $89,000 on Wednesday, this top floor one-bedroom apartment at 29/324 Sheridan Street, Cairns North provides value for money, close to the city centre and currently tenanted for $170 per week.last_img

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