Fully Approved Share House | Generating $180,000+ PA

SITUATION CHANGED - THIS PROPERTY MUST BE SOLD !

Unlock the potential of exceptional cash flow with this versatile investment - spanning across 2 x two-storey buildings, this 17-bedroom share house is strategically designed to maximize liveability, ensuring strong room rates and high occupancy levels. Experience the lucrative world of property investment like never before.

Key Highlights:

Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest!

17 Bedrooms: Each building is thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.

Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 12 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.

Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 annually.

Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.

No Capital Expenditure Required: This property is fully operational and well-maintained. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.

Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.

This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.

Get in touch with us today to receive a comprehensive information memorandum and seize this exceptional cash flow generator to safeguard your financial future!

Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Explore the area

School catchments

Parramatta State School Primary Prep-6 Government 0.40km
The BUSY School Secondary 11-12 Independent 0.46km
Indie School, Logan - Parramatta Park Campus Secondary Independent 0.55km
FNQ Vocational Academy Secondary Government 0.73km
St Joseph's School Primary Prep-6 Catholic 0.78km
St Augustine's College Secondary 7-12 Catholic 0.87km
Cairns State High School Secondary 7-12 Government 0.95km
Trinity Bay State High School Secondary 7-12 Government 1.0km
Cairns School of Distance Education Combined Prep-12 Government 1.1km
Mastery Schools Australia - Cairns Campus Combined Independent 1.3km
Mungalla Silver Lining School - Carins Temporary Facility Secondary Independent 1.3km
St Monica's College Secondary 7-12 Catholic 1.4km
Cairns West State School Primary Prep-6 Government 2.0km
St Francis Xavier's School Primary Prep-6 Catholic 2.1km
Balaclava State School Primary Prep-6 Government 2.4km
Mother of Good Counsel School Primary Prep-6 Catholic 2.5km
Edge Hill State School Primary Prep-6 Government 2.7km
Mooroobool Silver Lining School Secondary Independent 3.4km
Our Lady Help of Christians School Primary Prep-6 Catholic 3.5km
Whitfield State School Primary Prep-6 Government 3.6km
Woree State School Primary Prep-6 Government 4.7km
Woree State High School Secondary 7-12 Government 4.8km
St Gerard Majella Primary School Primary Prep-6 Catholic 5.6km
St Mary's Catholic College Secondary 7-12 Catholic 5.8km
Freshwater Christian College Combined Prep-12 Independent 6.5km
Trinity Anglican School Combined Prep-12 Independent 6.6km

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.

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