DISTINCT
A Pre-Sale Building and Pest Inspection and Investment Memorandum Available on request
Discover a fantastic investment opportunity just 8 minutes from Cairns CBD! Located in a high-growth area with strong demand due to its proximity to major shopping centres, schools, and recreational facilities, this property boasts 6 individually titled apartments.
With central appeal and excellent rental yields, now is the time to invest before prices increase. The property currently offers a guaranteed rental returns, making it a smart choice for investors.
THE FACTS
- Entire complex situated on a 1242m² battleaxe allotment
- 6 ground-floor units, each on separate titles
- Managed under an inactive body corporate
- Building 1 (Units 1-4) constructed in 1980, Building 2 (Units 5 & 6) in 2005
- Each unit features 2 bedrooms, 1 bathroom, and 1 car space
- Units 5 & 6 include lockup garages
Investment Highlights
- The complex is under a head lease providing guaranteed rental returns
- Current gross rental income: $115,440 ($370 per week per unit)
- Zero management fees*
These photographs have been enhanced for marketing purposes and may not reflect the actual appearance or dimensions of the property. They are intended to provide a visual representation of the property's potential and should not be relied upon as a basis for making decisions about purchasing/renting. Prospective buyers/renter should conduct their own due diligence, including inspection and verification of property features and conditions. Champions In Real Estate are not responsible for any errors, inaccuracies, or misrepresentations in the photographs.
Champions in Real Estate is a licensed real estate agency. We are not licensed builders, inspectors or valuers and the information contained here has been provided to us by third parties. The information is for guidance only. Whilst we make efforts to ensure all information contained herein is gathered from sources we believe to be reliable, we provide no guarantees concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. It is not intended as building, pest, planning or other advice and should not be construed or relied on as such. Prospective purchasers must undertake their own due diligence, enquiries and undertake various searches to verify the information contained herein. The information has been prepared without taking into account your personal objectives or needs for the property. Before making any commitment of a legal or financial nature you should consider the appropriateness of the information having regard to your circumstances and needs and seek advice from appropriate advisors.
