Block of Units for sale

Block of Units in Cairns, QLD

10 5 8
$1.2M

EXCELLENT INVESTMENT OPPURTUNITY

Exceptional income earning investment portfolio.
Comprises 5 units on 2 separate titles.
Will consider selling separately.
As described under parts A and B.

A) Four Unit Block

Two detached duplexes on one 1012 sq m title, each comprising 2x2 bedroom units.

These four units are in a sought after area and have been consistently, fully occupied.

Features include:

* A private entrance.
* Fully air conditioned with split systems, the majority of which
are still under warranty.
* Spacious bedrooms.
* Open plan living.
* Built in cupboards.
* Shower/toilet.
* Internal laundry's, individual external and internal wash lines.
* Fenced back yards.
* Concrete drive way.
* Lock up garage with roller door, as well as some off street parking.
* The rear unit is the largest, has double access via a rear lane,
with a sizeable back verandah and private garden, fully fenced.
Ideal for the investor to live in and manage the complex.
* Attractive landscaped gardens are easy care.
* One block from town center, and walking distance to schools,
belies the peace and quiet of the area.
* The complex is very well maintained and had an external paint in 2014.

NO BODY CORPORATE.

B) Separate 2 bedroom duplex Unit

Quality, fully detached 2 bedroom duplex, in sought after area.

No body corporate fees.

Situated at the rear of the block for privacy, this detached villa features:

* 2 large bedrooms with built in robes.
* Gyp rocked walls.
* Large bathroom with bath and shower.
* Separate toilet.
* Open plan living area.
* Fully fitted with split system air conditioners, under warranty.
* Lock up garage with roller door.
* Internal laundry with external wash line.
* Private fenced garden.
* Concrete drive with off street parking.
* Fenced area to store a boat/trailer.
* Well maintained in excellent condition .
* Close to large shopping village and Park area.

With NO body corporate fees and a very attractive return of
$71,240.00 per year, which equates to approx 6% pa on an investment of $1.2M, this opportunity provides an excellent income with a future capital gain in popular growth areas.

Please inquire with owneragent via the email button for further information.
Last updated: 10:35AM on Aug 19th 2016
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