'The Ray Murphy Team' proudly welcomes to the market this modern and spacious two-bedroom, two-bathroom apartment positioned on the first floor within the prestigious complex of 'Panama on Spence' - presenting an excellent opportunity for the owner occupier or savvy investor! PROPERTY FEATURES: - Two generous bedrooms complete with built in robes and air conditioning - Master suite complete with large ensuite featuring a spa bath - Central kitchen complete with granite benchtops overlooking the open plan living and dining area - Large entertainer's balcony - Internal Laundry - Secure complex undercover car park plus small additional storage - Complex swimming pool, BBQ area and lift access - Well maintained complex positioned in the heart of Cairns THE BOTTOM LINE: - Body Corporate Fees: $11,432.25 approx. per annum - Council Rates: $2,600 approx. per annum - Rental Income: Currently achieving $500.00 per week until April 2022 - Rental Appraisal: $560.00 to $580.00 per week Located within walking distance to the Cairns Central Shopping Centre, Cairns Esplanade, and restaurants. This property won't last long! Contact 'The Ray Murphy Team' today to register your interest!