Cairns City, Queensland
Focus on this Fantastic Opportunity
Under Contract / Offer
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, comprising four blocks of twelve apartments over three levels, property in good condition.
2. Exceptionally central location, within 1km of Cairns CBD, city lagoon and esplanade boardwalk, with restaurants at the end of the street.
3. Very accessible to transport and amenities, eight kilometres from Cairns Airport, walking distance to Cairns sporting arena, and less than 1km to Cairns Central Shopping Centre.
4. Close to major cultural and conference venues, Cairns Convention Centre and Cairn Regional Art Gallery approximately 2 kilometres away.
5. Large 117m2 manager’s apartment, modern two bedroom and two bathroom unit, with a good sized office/reception and foyer area on title.
6. Short-term holiday letting may be possible, indicating potential to diversify revenue streams beyond permanent lets.
7. Long-term body corporate agreements in place, with a top salary figure of $98,226 excluding GST.
8. Strong market fundamentals, Cairns currently reporting less than 1% vacancy, supporting high occupancy potential.
9. Low-maintenance grounds, full garden irrigation system, and currently operated with onsite caretakers, supporting operational continuity.
10. Positioned as a versatile acquisition, suitable as a starter property, a home with supplementary income for semi-retired buyers, or as an add-on for operators with an existing rent roll in Cairns City.
11. Clear growth potential cited, making it attractive for investors seeking asset appreciation or operational improvements.
12. Sale status indicated as under contract / offer, with business value listed as $0.
