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Focus on this Fantastic Opportunity
Property ID: 

C0381

Location: 
Cairns
Asking Price: 
$850,000
Letting Type: 
Permanent
Building Type: 
Walk-up
Net Profit: 
$106,000

Established permanent letting complex comprising four blocks of twelve apartments on three levels. The property presents in good condition.
Well-located within 1km of the Cairns CBD, the city lagoon, the esplanade boardwalk - plus restaurants are at the end of the street. It is eight kilometres from Cairns Airport, walking distance to Cairns sporting arena (which is almost next door) and Cairns Central Shopping Centre is less than a kilometre away.
The Cairns Convention Centre and Cairn Regional Art Gallery are only 2 kilometres away.

The large 117m2 managers apartment is a modern 2 bedroom and 2 bath unit, with a good sized office/reception and foyer area on title.
Short term holiday letting may also be possible with this property.
Long term body corporate agreements are in place, with a top salary of $98,226 exluding GST.
Cairns enjoys excellent occupancies, currently sitting at a less than 1% vacancy rate.
The property has easily kept grounds with full garden irrigation.
It is currently run with onsite caretakers.
Great starter property or possible add-on with great potential for growth.  Call Calvin today to arrange an inspection. 0414 889 593