23/239 Lake Street Cairns North QLD 4870

Positioned on the top floor of the well-maintained Reef Gateway Apartments, this loft-style residence presents an outstanding opportunity for investors seeking strong returns in a blue-chip Cairns North location. Within walking distance to the Cairns Hospital and Esplanade, the property offers alongside a low-maintenance lifestyle. Currently tenanted at $550.00 per week until October 2026, it offers a secure, set-and-forget investment with immediate income.

Property Profile:
• Unique loft-style apartment
• Two well-sized bedrooms
• Functional kitchen with ample storage
• Open plan living and dining
• Central bathroom with combined laundry
• Air-conditioned for year-round comfort
• NBN connected
• Undercover car parking
• Rental Income: Currently achieving $500.00 per week until July 2027
• Last Rental Increase: 15th of October 2025
• Rental Apprasial: $550.00 - $570.00/Week
• Body Corporate: $6,979.16 approx. p/a
• Council Rates: $3,300.00 approx. p/a

Complex Features:
• Resort-style swimming pool with covered entertainment area
• Onsite manager

Cairns North continues to be one of the region's most desirable inner-city suburbs, known for its proximity to the CBD, Esplanade, hospital, and everyday amenities. With its unbeatable location, solid rental return, and desirable complex amenities, this property represents an exceptional opportunity to secure a quality investment or future residence in thriving Cairns North.

Contact 'The Ray Murphy Team' today to register your interest!

Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.