SOLD with multiple offers above expectations within a week

Offered for the first time since construction, this rare full unit block enjoys a prime position on the Holloways Beach waterfront and offers 4 units on a single title – 2x 2 bedroom, 2x 1 bedroom.

Of circa 1975 vintage, the complex is of block construction, with clay brick veneer to the front. Each level features 2 apartments, with 2 bedroom units to the front and 1 bedrooms to the rear, with a shared ground floor laundry and patio access for all units.

Internally, the units are if not original, then at least some time past their last refresh and while liveable (and currently tenanted) would be ripe for a modern update to bring their condition and amenity to a level commensurate with a location where you can hear the ocean at night, and watch the waves by day.

Set on a 607m2 allotment, there is a detached 5 bay carport to the rear but ready room to improve, with the potential to refurb to a whole new standard, suitable for either long term rental or to reap the benefits of the higher returns available via holiday letting. Right across from the sands, the property is within walking distance of restaurants and bottle shop, 10 minutes’ drive from the airport and just 20 minutes from the Cairns CBD.

Being circa 50 years old, this is not new and shiny, but is in an incredible position, with solid original construction and offered at a price well below replacement cost in today’s market. To answer the question everyone would want to know – the property was not damaged by flooding in last year’s event.

Land Size – 607m2
Council Rates – $6,400 per half year
Catchments – Machans Beach State School, Cairns State High School
Leases – Unit 1 periodic lease @$320 per week, Unit 2 periodic lease at $300 per week, Unit 3 owner occupied, Unit 4 periodic @$250 per week.

Buyers are invited to submit their best offers over $1,000,000 by 4pm, 5 September 2024.
The seller reserves the right to accept an offer prior to the close date – so be quick.

Inspections will be strictly by appointment.

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All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
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