Explore Property - Cairns
3 & 4/86-88 Woodward Street Edge Hill, QLD, 4870
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1-6/355 Draper Street, Parramatta Park QLD, 4870

First Class Cairns City Investment - Low Maintenance with Great Returns

Property Details

6 x 2 bed units (3 upstairs/3 downstairs) on 809m2 with 2 street access.

The work's all been done, there's nothing to do but sit back and collect the rent.

After being fully refurbished and cared for the opportunity now exists to purchase and set yourself up for retirement.

The Cairns marketplace is on the up and up, and the area is truly blessed with some of the most beautiful natural wonders of the world at our doorstep. The city is a tourist mecca with the luxury of an international Airport.

Investment details:

Weekly rental $2010 yearly rental $104,520 - Individual units rent from $315 - $355 a week.

Rates - $16,067.16 ($1,338.93 per unit every 6mths) Approx..
Water - $1000 a year approx. paid by landlord
Common area power approx. $1000 a year

Depreciation report available.

The complex is strata titled allowing you flexibility with your investment if you ever wanted to sell an apartment individually. There is a body corporate in place but is currently inactive.

All bedrooms are air conditioned.

With each individual unit being refurbished from top to bottom, you'll have nothing to do for years to come apart from your general maintenance and be able to take advantage of the depreciation come tax time.

Contact Tarren on 0468 610 186 or email tolufson@exploreproperty.com.au for further details.

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Property Information

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Tarren Olufson

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