Periwinkle Apartments - Coral Coast Drive, Palm Cove, Cairns

This is a fantastic opportunity to occupy one of the largest freehold land sites near Cairns' premier beach, Palm Cove.

Coming with an immediate and stable income from 44 units (ready for strata conversion), this Resort with its location has so much to offer a forward-thinking investor.

? Land Area: Approx. 7,417sqm

? 44 Units ready for strata conversion (31 fully leased studio apartments, 1 studio apartment holiday let @ $130 - $180 p/n, 12 fully leased one-bedroom apartments)

? Occupancy between 95% to 100%

? Airbnb / onsite owner management opportunity for a higher income stream

? Resort pool, BBQ facility, wifi, ample parking, 21kw solar power, fire rating, council approved.

? Current turnover is in excess of $800,000

**Disclaimer - Tropic Estate Agents and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.