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Great for investment...
This 2 bed and 2 bath apartment located only 10 minutes from the city is ripe for investment. Currently tenanted to great long term tenants who have just signed a new 12month lease.
With our current office vacancy rate hovering between .5% and 1%, this means there is no end in sight to the rental shortage here in Cairns,. Now is the perfect time to add to your portfolio by purchasing a rock solid investment and keep this property in the rental pool.
Built in 2007 to a proven design, these apartments are in high demand and perfectly located only 10 mins into the city. The complex features security gates and undercover parking for each unit. A resort style pool is there for those extra hot days.
The numbers that matter:
- BC fees approx. $3600pa
- Council rates approx. $2800pa
- Currently rented at $400pw
- Lease ends Jan '25
With our current office vacancy rate hovering between .5% and 1%, this means there is no end in sight to the rental shortage here in Cairns,. Now is the perfect time to add to your portfolio by purchasing a rock solid investment and keep this property in the rental pool.
Built in 2007 to a proven design, these apartments are in high demand and perfectly located only 10 mins into the city. The complex features security gates and undercover parking for each unit. A resort style pool is there for those extra hot days.
The numbers that matter:
- BC fees approx. $3600pa
- Council rates approx. $2800pa
- Currently rented at $400pw
- Lease ends Jan '25