Unit 34, 62 Abbott Street, Cairns City is located in the city centre complex of "IL PALAZZO Boutique Hotel" and offers a fantastic Airbnb or Rental income. The owner is reducing their investment portfolio, so now is your prime chance to purchase a great inner-city property. * Top floor unit located in a prime inner-city boutique hotel * Fully furnished third floor apartment * One bedroom with en-suite * Tidy kitchen with electric cooking * Combined lounge & dining area * 65 inch BIG screen Smart TV * Air-conditioned * Dual access to the bathroom and living area * Large bathroom/laundry furnished with washer/dryer * Walking distance to the Night Markets, Esplanade & Lagoon, Marina, cafes & restaurants, public transport and more * Positioned in a complex offering a central courtyard, heated pool with gazebo & BBQ, rooftop sundeck, lift, beauty salon, dry cleaning & secretarial services and onsite residential manager AirBnB Income example* Expected average nightly rate $155 (plus cleaning and booking fees separately charged) at 80% occupancy rate pa. Less Electricity - $1,800 pa. Less BC fees - $5,116.90 pa. Less Council Rates - $2,528.22 pa. Potential Net Income for this property $35,636 (18% ROI) (*All figures are estimated only, don’t include costs that apply to miscellaneous add-ons and are subject to change. Buyers must make their own inquiries and satisfy themselves of any possible returns for this property). Approx Rental Income $350 per week
