Residential
Explore
INVESTMENT BONANZA - MASSIVE UNIT BLOCK
ASTUTE INVESTORS WILL READILY UNDERSTAND THE SPECIAL BENEFITS OF THIS AMAZING INVESTMENT OPPORTUNITY SO RARELY OFFERED AND COMPETITIVELY SOUGHT.
Consisting of six double-storey units AND a further six one-bedroom apartments, twelve in all, the land size is a whopping 1834 sqm (nearly half an acre) which indicates further development potential. In good order, the contemporary brick and tile self-contained units are returning $148,460.00 per year. Some well paying long-standing tenants are paying a little less than market rent so scope exists for a greater return.
The high occupancy rate is a testament to the locational benefit of the property. Access to the Stockland Shopping Centre, direct arterial access to the business centre of Cairns, Parklands and schools make the property extremely accessible and aid tenancy supply. Protective carports and laundry facilities together with solar power and air-con complete this unique investment opportunity.
Enquiries Andrew Sim 0426 582 818 andrew.sim@raywhite.com
Consisting of six double-storey units AND a further six one-bedroom apartments, twelve in all, the land size is a whopping 1834 sqm (nearly half an acre) which indicates further development potential. In good order, the contemporary brick and tile self-contained units are returning $148,460.00 per year. Some well paying long-standing tenants are paying a little less than market rent so scope exists for a greater return.
The high occupancy rate is a testament to the locational benefit of the property. Access to the Stockland Shopping Centre, direct arterial access to the business centre of Cairns, Parklands and schools make the property extremely accessible and aid tenancy supply. Protective carports and laundry facilities together with solar power and air-con complete this unique investment opportunity.
Enquiries Andrew Sim 0426 582 818 andrew.sim@raywhite.com