Cairns City, Queensland
Focus on this Fantastic Opportunity
$850,000
Business Description
Established permanent letting complex comprising four blocks of twelve apartments on three levels. The property presents in good condition.
Well-located within 1km of the Cairns CBD, the city lagoon, the esplanade boardwalk - plus restaurants are at the end of the street. It is eight kilometres from Cairns Airport, walking distance to Cairns sporting arena (which is almost next door) and Cairns Central Shopping Centre is less than a kilometre away.
The Cairns Convention Centre and Cairn Regional Art Gallery are only 2 kilometres away.
The large 117m2 managers apartment is a modern 2 bedroom and 2 bath unit, with a good sized office/reception and foyer area on title.
Short term Holiday letting may also be possible with this property.
Long term body corporate agreements are in place, with a top salary of $98,226 exluding GST.
Cairns enjoys excellent occupancies, currently sitting at a less than 1% vacancy rate.
The property has easily kept grounds with full garden irrigation.
It is currently run with onsite caretakers.
Great starter property or possible add-on with great potential for growth.
The perfect starter property for those entering the industry for the first time, for a semi-retired couple looking for a home with some extra income, or as an add-on, for those running a rent roll or similar business in Cairns City.
Call Calvin today ---------- .
Business Summary
Key Investment Insights
1. Established permanent letting complex of four blocks totalling 48 apartments across three levels, presenting in good condition.
2. Large on-title managers apartment, 117 m², modern 2 bedroom 2 bathroom layout with dedicated office/reception and foyer.
3. Long-term body corporate agreements in place, with a top salary of $98,226 excluding GST.
4. Strong rental market performance in Cairns, current vacancy rate under 1%, supporting stable income potential.
5. Short-term holiday letting may be possible, offering revenue diversification opportunities.
6. Onsite caretakers and easily maintained grounds with full garden irrigation, reducing operational burden.
7. Prime central location within 1 km of Cairns CBD, city lagoon and esplanade boardwalk, with restaurants at the end of the street.
8. Excellent nearby amenities, less than 1 km to Cairns Central Shopping Centre, walking distance to Cairns Sporting Arena, and 2 km to Cairns Convention Centre and Regional Art Gallery.
9. Reasonable airport access, located 8 km from Cairns Airport, supporting visitor demand.
10. Positioned as a versatile acquisition: suitable as a starter investment, a semi-retirement home with income, or an add-on for existing rent roll operators, with clear potential for growth.
