Block of Units for sale

169 Grafton Street,

Cairns City, QLD

12 8 10
Offers Over $1,500,000 (FIRM)

THIS EXCEPTIONAL PROPERTY IS LESS THAN 500M TO CAIRNS ESPLANADE

This substantial building in a highly sought after location would make a worthwhile addition to your property portfolio . Offering the astute buyer a rare opportunity to buy and hold an income producing property with great future potential. This sizeable block and tile building is on a prime site located within the city fringe and is less than 500m from Cairns Esplanade. All units are currently rented out on permanent tenancies and are returning $2,115 per week. Within easy access of Cairns high school, Cairns medical precinct and the tourist accommodation strip the property is ideally positioned to appeal to a multitude of income streams. The well-proportioned building to land ratio enables ease of access with 10 car parking spaces, refuse area and Gardens. Both the 1 & 2 bedroom units are spacious with plenty of storage, high ceilings and natural light.
- 1,011 SQM BLOCK. APPROX 656 SQM UNDER ROOF
- FREEHOLD - 4 x 2 BED 1 BATH & 4 X 1 BED 1 BATH
- ZONED TOURIST & ACCOMMODATION
- CURRENTLY TENANTED ON STRONG LEASES, INCOME EARNING $2,115 PER WEEK
- LESS THAN 500M TO CAIRNS ESPLANADE
- CLOSE TO ALL MEDICAL FACILITIES, CAIRNS HIGH SCHOOL, ST MONICAS CATHEDRAL, WALK TO CAIRNS CBD
Last updated: 10:16AM on Nov 2nd 2017
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First National Cairns Central

1/155 Mulgrave Road
Cairns QLD, 4870