3/63-65 Mcleod Street Cairns City QLD 4870

1-bed holiday unit, City Terraces complex | 54m² fully furnished | strong rental yield | walking distance to CBD and mall This unit is competitively positioned as a turnkey holiday let in a well-managed complex, with a configuration that suits short-term rental demand rather than owner-occupation. The fully furnished state, onsite management, and pool-barbecue amenities reduce buyer friction for income-focused investors, while the 54m² footprint and balcony offer a rare combination of compact efficiency and liveability in a central location. It serves best as a low-touch income property for investors seeking immediate cash flow, or as a lock-and-leave second home with rental offset. The primary risk is the unit’s reliance on holiday letting revenue, which introduces seasonality and management dependency; the $299,000+ price point is well below the median for one-bedroom units in Cairns City, suggesting a discount for this use profile. Buyers should verify the financials for occupancy rates and management fees, as the low entry price may reflect constrained capital growth compared to owner-occupied stock. The complex’s 90% owner-occupier ratio and long-term resident base provide a stabilising floor, but this unit’s value is in its income stream. Hold for yield, not speculation.