Cairns City, Queensland

Focus on this Fantastic Opportunity

SOLD

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

Complex Information

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established permanent letting complex comprising four blocks of twelve apartments across three levels, total 48 units.
2. Property presents in good condition, with easily kept grounds and full garden irrigation.
3. Prime central location, within 1 km of Cairns CBD, city lagoon, esplanade boardwalk and nearby restaurants.
4. Very convenient to major amenities, under 1 km to Cairns Central Shopping Centre, walking distance to Cairns sporting arena, 2 km to Cairns Convention Centre and Regional Art Gallery.
5. Eight kilometres to Cairns Airport, supporting traveller access and tenant mobility.
6. Large 117 m2 managers apartment, modern two bedroom two bathroom layout, includes a good sized office, reception and foyer area on title.
7. Onsite caretakers in place, supporting day to day operations and property upkeep.
8. Long term body corporate agreements established, with a top salary of $98,226 excluding GST.
9. Local market strength evidenced by Cairns vacancy rate under 1 percent, indicating strong rental demand.
10. Short term holiday letting may be possible, presenting alternative income or higher yield potential.
11. Positioned as a strong starter property or add-on for an existing rent roll, suited to first time operators or semi retired buyers seeking income and residence.
12. Clear potential for growth given central location, strong occupancy and flexible letting options.