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  • 55/81-85 Cedar Road, PALM COVE, QLD 4879

55/81-85 Cedar Road, Palm Cove, QLD 4879

  • 2 Bed
  • 2 Bath
  • 1garages

Sold

Sold for $275,000 (May 03, 2022)

Palm Cove's Best Buy!

This delightful, fully furnished 2 bedroom, 2 bathroom dual key apartment located in the wonderful Mango Lagoon Resort presents an ideal opportunity to purchase an affordable holiday, investment property in Palm Cove. This dual key apartment comprises a large 1 b/room unit & a smaller separate 1 b/room studio thus providing the opportunity of 2 separate income streams should you wish. The Mango Lagoon Resort, is set on 2.5 acres of beautiful gardens and 4 stunning swimming pools only minutes from Palm Cove's renown waterfront. Being upstairs, not only is this apartment private, you'll also enjoy the cooling sea breezes. This apartment has been priced to sell & it could well be your opportunity to purchase in the highly sought after suburb of Palm Cove. Just imagine the holiday gatherings that you & your family could enjoy in the years to come, in your very own dual key apartment whilst you're holidaying in beautiful Palm Cove. As the Owner, you'll be able to enjoy this fabulous apartment for up to 3 months per year, whilst earning an income at other times. Presently tenanted for $370 / week on a periodic, quarterly lease, this apartment represents not only a solid investment but also offers a wonderful lifestyle opportunity. Body Corporate Fees are approx. $7,900 / year & Council Rates are approx. $2,600 / year. Please note this apartment is unable to be lived in on a permanent basis. Also please note that the photos used to depict the interior of this apartment are indicative only.

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Grace Kelly
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Property Info:
  • Property ID: L17269536
  • Property Type:Apartment
  • Building / Floor Area:106 sqm
  • Carports:1

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R&H Suburb Profile: Palm Cove
R&H Suburb SummaryHouses
Number of sales55
Average Price$1,116,277
Median Price$1,160,000
Median Rental Price$780 p.w.
Change in Rental Rate (5yr)42 %
R&H Suburb SummaryUnits
Number of sales122
Average Price$587,027
Median Price$417,500
Median Rental Price$460 p.w.
Change in Rental Rate (5yr)39 %
Median Trend - $1,160,000

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