8 Coral Coast Drive Palm Cove QLD 4879
- Hotel, Motel, Pub & Leisure
- 7,417 m²
- For Sale, FOR SALE - EXPRESSIONS OF INTEREST
PERIWINKLE APARTMENTS | HIGH YEILD |EXCEPTIONALLY LOW RISK
RE/MAX Commercial is delighted to introduce to the property market Periwinkle Apartments for sale via Expressions of Interest.
Superbly situated within the pristine suburb of Palm Cove - the tourism capital of Far North Queensland, world-renowned tropical holiday destination and where the rainforest meets the reef - this sensational, freehold opportunity is not to be missed.
Offering a once in a lifetime prospect for an astute investor to secure an extremely high-quality, high yielding, large scale residential asset; boasting 32 studio apartments and 12 x 1 bedroom units with potential for expansion, demands your attention.
- NET INCOME $543,000 p/a (approx.)
- Freehold (going concern) complex in largest tourism hotspot in Far North Queensland "Palm Cove"
- Fully leased (95%-100% occupancy rate over last 3 years)
- Potential for 20 additional 1-bedroom units above complex carpark along with room for 5 townhouses at the rear
- 7,417m2 allotment
- 5-minute walk to Palm Cove Jetty and Williams Esplanade
- 68 solar panels
- 1 vendor for 10 years with sale due to retirement
Only minutes from the aptly named, palm tree lined beachfront, bursting with some of Cairns' best culinary experiences, boutique shopping and cafes; Investments such as this pose very little risk and rarely exchange hands on the open market.
Contact David Murphy on 0402 838 608 today to register your serious interest.