HOLIDAY APARTMENT 5KM FROM CAIRNS CBD......Nett 5.5% return

JOHN RYLAND has available this superb dual-key, fully-furnished holiday apartment just 5 minutes from Cairns CBD. Cairns Reef Apartments & Motel offers 4-star accommodation with one and two bedroom apartments and motel-style rooms, set in beautiful tropical grounds with large resort swimming pool, tennis courts and secure undercover parking.
Nett 5.5% return after rates and fees.

This top-floor, corner apartment and unit combined can sleep up to four people with a $155 per night accommodation rate.
Investor income for this apartment is averaging over $1,300 nett per month this financial year. Nett 5.5% return after rates and fees.

Both bedrooms (apartment and motel-style) have split system air conditioning and built-in robes. The apartment has a balcony overlooking the swimming pool.
The apartment bedroom, with a built-in robe, comes off the living room with an adjacent kitchen. It has a separate bathroom and laundry.
Included is a television in the living room, refrigerator, microwave oven and washing machine
The second bedroom, a motel-style unit with ensuite, has a built-in robe, television and bar fridge.

At a year-round rate of $155 p/night, 23 of the 28 two-bedroom apartments are managed on-site for holiday and short-term accommodation. Cairns Reef Apartments has an 85% 12-month occupancy rate and all holiday let owners share equally in the combined income of their 23 apartments – paid monthly to owners.

See the resort’s website…….www.cairnsreef.com.au

JOHN RYLAND – Professionals Cairns South

Property ID: 1167753