Cairns City, Queensland

$630,000

Property Description

Modern Permanent

Excellent modern permanent letting complex close to the Cairns CBD, consisting of 38 apartments in three contemporary style buildings. All 2 or 3 bedroom with 2/3 bathrooms. Two km to the Cairns Esplanade and 5 minutes to Cairns Central shopping Plaza. What a great business - and a top salary of $70,700 incl GST. This cannot be beaten for both an inflation and recession proof business. Cairns currently has one of the lowest vacancy rates in the country at 2% and rental rates are on the rise. Great starter property. Contact Calvin for full property details and inspection arrangements.

Property Summary

Business Snapshot

Price: $630,000Net Profit: $85,000

Managers Unit

Value of Managers Apartment: $265,000Bedrooms: 2Car Spaces: 1Office: OtherPets OK: No
Spacious with air-conditioning

Complex Information

Total Letting Pool: 15Agreement Module: AccommodationAgreement Term: 25 years

Marketing Agent


Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
Calvin Bailey Management Rights

Phone

Listing Tools

Property Map

Map Location ( get directions )

Cairns City, Queensland 4870 Exact map location not provided

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