Explore Property - Cairns
3 & 4/86-88 Woodward Street Edge Hill, QLD, 4870
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For Sale Offers over $2,400,000

1-10/294 Draper Street, Parramatta Park QLD, 4870

Cairns City Apartment Complex - Excellent Returns

Property Details

10 x 2 bed apartments.

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 market place 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:

Yearly rental – $176,280 ($3,390 a week)
Insurance Building – $11,587.06
Rates – $26,778.60 ($1,338.93 per unit every 1/2 year)

Individual units range from $310 to $375 a week.

Total land area of complex 1214m2
Individual units range from approx. 55m2 to 75m2 in size

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.

Newly installed electronic gates provide extra security.

With each individual unit being renovated 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 a full prospectus.

Other Features

  • Air Conditioning

For Sale

Offers over $2,400,000

Property Information

  • Open Car Spaces

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Tarren Olufson

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