Perfectly positioned on the ground floor of the highly sought-after Waterfront Terraces complex, this fully furnished and self-contained 1-bedroom apartment presents a prime opportunity for investors looking to secure a high-performing asset in one of Cairns' most in-demand locations. Offering 52m² of well-designed, low-maintenance living space, the apartment features an open-plan layout with tiled living, a carpeted bedroom, and a private patio with direct access to the resort-style pool—an attractive feature for short-term guests. Currently managed by experienced onsite professionals, the property operates as a successful holiday let, delivering consistent returns. Investors can choose from flexible management options, with the property currently under new, motivated on-site managers who are actively working to enhance guest experience and revenue performance. Located just steps from the Cairns Esplanade, hospital, cafes, and schools, the apartment is ideally situated to attract both tourists and tenants year-round. With limited properties available in this tightly held complex and strong buyer demand in the Cairns market, this is a smart, set-and-forget investment offering solid returns and future capital growth. KEY FEATURES: • Fully furnished and self-contained 1-bedroom apartment • Ground floor with private patio and pool access • Open-plan tiled living and dining area • Carpeted bedroom with built-in robe • Granite kitchen benchtop and full-size appliances • Ducted air-conditioning for year-round comfort • Secure gated entry from both Esplanade and Lake Street • Access to large tropical in-ground pool with undercover BBQ facility • Solar power, NBN connected, and internal laundry with extra storage space • Onsite parking available (no car park on title) • Professionally managed by onsite management team INVESTMENT SNAPSHOT: • Net Return: (pre-new management) just over $22,000 annually • Rates $3,000 approx pa • Body Corp Fees $7,627 approx pa • Current Use: Holiday let with strong occupancy and rental returns • Use flexibility: Stay up to 3 months or lease long/short term • Management Options: Choose to use the onsite management, engage an external agency, or self-manage—the choice is yours • Proven returns from tourism, business, and medical stays • Low maintenance with high appeal in the Cairns market • Perfect set-and-forget investment with peace of mind UNBEATABLE LOCATION: • Directly on the Cairns Esplanade for morning walks and sunset views • Walk to Cairns Base Hospital, cafes, restaurants, and the CBD • In the Cairns High School catchment • Near Mother of Good Counsel Primary and St Monica’s College TROPICAL LIFESTYLE WITH URBAN CONVENIENCE With resort facilities, unbeatable waterfront positioning, and a proven track record of returns, this apartment in Waterfront Terraces is a rare opportunity in a tightly held complex. Whether you're seeking a carefree holiday base or a high-performing short-term rental, this tropical gem offers exceptional flexibility and strong returns in one of Cairns’ most desirable waterfront locations. Contact Naomi today to secure your slice of Cairns' vibrant Esplanade lifestyle.
