This fantastic duplex offers the security of two incomes year round to protect your assets future.
Currently occupancy rates for Cairns are at a ten year low with 1 to 2 % vacancies rates.
18 Sorrento St returns $470 per week already, with the potential to be around $520 per week. Currently, fully leased to fantastic tenants who make investing easy!
With Cairns about to experience some large capital investment projects, the rental market will tighten once again. Be in the position to take advantage of this future demand.
Block construction ensures this purchase is low maintenance. Both units are very spacious and separated by 2 cars spaces providing private occupancy. Both have a large separate laundry and lock up storage area rarely seen in duplexes. Unit One was fully renovated in January.
They are on one title only and should you wish to strata title (separate to two titles) this can be done through the council application process. The duplex configuration offers opportunity to suit your situation – keep both rented permanently, live in one and rent out one or move your family in next door.Very well located close to major shopping centers, schools and a short walk to public transport.
Great access to all sides of the duplex offers the perfect solution to park a caravan, the boat or put up a large shed.
18 Sorrento St is definitely worth an inspection. All inspections are by private appointment.
Call today to start creating future income.
Lance 0437 427 543