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15/171-179 Mcleod Street,
Cairns North 4870, Queensland

2 bedrooms
1 bathroom
1 car space
96m² land size
96m² building size
Unit

$425,000

Property details

Secure Investment with Long-Term Tenants & Strong Upside

Positioned in a well-maintained complex in sought-after Cairns North, this townhouse presents an outstanding opportunity for the savvy investor seeking immediate rental income with significant future growth potential.

Currently tenanted by reliable, long-term occupants since 2019, the property offers stability from day one. The existing lease is secured until September 2026, with tenants expressing a strong desire to remain-providing continuity and peace of mind for the next owner.

Returning $425 per week, the property is currently performing below market value, with a rental appraisal indicating a potential increase to approximately $550-$600 per week. This presents a clear opportunity to enhance yield in the near future.

Key Investment Highlights:
- Long-term tenants in place since 2019
- Lease secured until September 2026 with tenants keen to stay on
- Current rent: $425 per week
- Rental appraisal: $550-$600 per week
-Body corporate fees: approx. $4,800 per annum
- Council rates: approx. $3,200 per annum

Located just minutes from the Cairns CBD, expanding hospital precinct, and Esplanade, this is a high-demand rental area that continues to attract quality tenants.

Enquire to receive a copy of the following documents:
Sellers Disclosure
Buyers Guide
Property Summary
Rental Appraisal
Offer Form

Whether you're expanding your portfolio or securing your first investment, this is a low-maintenance, high-potential property that ticks all the right boxes.

**Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavor to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Explore the area

School catchments

  • Parramatta State School Primary Prep-6 Government 1.3km
  • Mastery Schools Australia - Cairns Campus Combined Independent 1.5km
  • St Joseph's School Primary Prep-6 Catholic 1.6km
  • Mother of Good Counsel School Primary Prep-6 Catholic 1.6km
  • Cairns School of Distance Education Combined Prep-12 Government 1.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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