What makes a property desirable..?

IT IS UNIQUE
One of the only unit complexes that is available in one line on Cairns beaches. 4 separately titled units with one owner set over 1,106m2 with direct beach access. Trinity Terrace consists of a”
2 X 2 Bedroom single level apartments of 100m2 each
2 X 2 Bedroom two level apartments of 118m2 & 120m2
The apartments are recently renovated and offer a peaceful beachside setting and ocean views.

LOCATION
With dual street access from Moore Street & Vasey Esplanade, Trinity Terrace is situated in a prime location on one of Cairns’ most popular beaches. Trinity beach is an evergreen location which is popular for local owner occupiers and tenants as well as holiday makers.

INVESTMENT
Currently used for long term rental accommodation the current weekly rental is $1,000 per week with no Body Corporate expenses. The entire building is low maintenance with minimal gardens and no pool allowing for maximum, hassle free income.
In the longer term there is potential to redevelop the site by adding more units to the existing base. Zoned: Residential 3 the current site coverage is well under the maximum allowable.

In 2009 there were 109 units sold under 150m2 at an average price of $289,000. The average sale price for the same units on Vasey Esplanade was $425,000. There is significant value in the freehold land because of the ability to redevelop plus upside in the value of the units.

A once in a decade opportunity. Call Nicholas Slatyer on 0409 00 22 33 for further information