EXTRAORDINARY INVESTMENT PROPERTY – UNDER LEASE @ $2000 p/w!
Move over small returns – this property provides epic returns with easy management in place!
Currently under lease for $2000 p/w! 20-30min walk to Cairns City.
This is a private sale of a well held investment. Renovated ground up, the property is separated in 2x 4br dwellings that are home sized ie queen rooms with large wardrobes, family kitchen, dining, bathroom, powder room, and outdoor spaces being yards, patios and decks. Double lockup shed included. There is the 2 car shed as mentioned with power and water, plus ample parking for 3 vehicles at the front and rear (so in total 8 cars).

Modern and fully furnished the property is under lease at $2000 per week gross at the current time with regular new enquiries meaning there is room to grow, if you wish. Vacant and bare the property rents for $950 per week.

When we lived there in the past , the property turned over approx $120,000 over 18 months when we took a whole level.

It’s walking distance to the esplanade (30min) and in a very private tightly held street located behind DFO shopping centre.

A grand investment for a savvy person.

Ill health forces sale and a live-in caretaker manages most of the care and activity of the property. This really is a zero management investment. We would keep it if we didn’t need the funds for surgery and a disability friendly lifestyle.

We are looking at all genuine offers. For a price guide, an old shabby 8br property with no rental comparsion is selling for in the $700k’s, with a smaller house selling for offers over $770,000, whilst this is a like new 8br property fully furnished and very modern WITH A SOLID RENTAL HISTORY.
There is no property like this to compare to – it really is a hidden gem.

The closest to compare to in potential are:
26 Ascot Avenue, Westcourt – Offers over $770,000 for a 5-bedroom
95 Mann Street, Westcourt – Buyers in the $700k’s.
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Rates are $2500pa approx
Water approx $200pa approx

Please no timewasters. Have your finance qualified before enquiring. We are looking at all genuine offers above those in comparison – so what would you pay for a fully finished, modern investment property returning this amount?

Please phone or email us for further information.
Once you have inspected the property and would like to make an offer, it can be submitted through our site.