26/3-11 Water Street, Cairns City

Positioned in the heart of the Cairns CBD, within the highly regarded Southern Cross Atrium Apartments, this dual-key property offers a compelling opportunity for investors seeking strong, consistent returns in a proven holiday letting complex. Configured as a one-bedroom apartment plus adjoining studio, the layout is purpose-built for short-term accommodation, allowing for separate letting and maximised income potential. Inside, the apartment is well presented and functional, with open-plan living extending to a private balcony overlooking the tropical atrium. The studio component features its own bathroom and balcony access, enhancing its appeal for guest stays and dual occupancy. Set amongst resort-style facilities including multiple pools and lush landscaped gardens, the complex remains a popular choice for visitors seeking a central and relaxed Cairns base. - Dual-key layout comprising of 1-bedroom apartment + separate studio - Designed for short-term accommodation and income generation - Opportunity for dual income streams - Holiday accommodation only complex - Option to utilise onsite management with strong track record - Private balconies with pool and atrium outlook - Resort-style pools and tropical surrounds - Both apartments currently tenanted, with 26A leased until 21 July at $485 per week and 26B leased until 18 May at $450 per week