26/3-11 Water Street
Cairns City, QLD 4870

Overview

26/3-11 Water Street, Cairns City

Located in the vibrant heart of Cairns CBD, this dual-key apartment within the esteemed Southern Cross Atrium Apartments presents an excellent investment opportunity. The property is designed to cater to holiday letting, offering strong and consistent returns in a well-established short-term accommodation complex.

The layout features a one-bedroom apartment alongside an adjoining studio, both configured to allow separate letting arrangements, maximizing income potential. The apartment is well maintained and functional, boasting an open-plan living area that extends onto a private balcony with views over the tropical atrium. The studio includes its own bathroom and balcony access, making it ideal for dual occupancy or guest stays.

The complex offers resort-style amenities including multiple swimming pools and beautifully landscaped tropical gardens, providing a relaxing and attractive environment for visitors. This setting makes it a popular choice for holidaymakers seeking a central and tranquil base in Cairns.

• Dual-key configuration comprising a one-bedroom apartment plus a separate studio
• Purpose-built for short-term accommodation and income generation
• Potential for dual income streams from separate lettings
• Holiday accommodation only complex ensuring a focused rental market
• Option to utilize onsite management with a proven track record
• Private balconies with views of the pool and tropical atrium
• Resort-style pools and lush tropical surroundings enhance appeal
• Both units are currently tenanted, with one leased until 21 July at $485 per week and the other until 18 May at $450 per week

This property is an ideal investment for those looking to capitalize on Cairns' thriving holiday rental market, offering a low-maintenance, income-producing asset in a prime location. The dual-key design provides flexibility and maximizes rental returns, while the resort-style facilities and central location ensure ongoing demand from visitors.

Investors will appreciate the opportunity to benefit from the strong holiday letting demand in Cairns, supported by the complex's excellent management and attractive amenities. The property offers a unique combination of convenience, comfort, and income potential, making it a standout choice in the local market.

Whether seeking a secure investment or a holiday home with income potential, this dual-key apartment presents a compelling proposition. Its location within the CBD, combined with the resort-style environment and dual income streams, positions it well for long-term growth and consistent returns.

Location