1-4/139-141 English Street, Manunda QLD 4870

SOLD UNDER THE HAMMER!

Ideally positioned less than 5km from Cairns CBD, this is the perfect investment opportunity to add to your property portfolio with potential returns of approximately $71,240 per year!
Full tenancy in place with long term tenants, the complex is conveniently positioned close to both Primary and Secondary Schools, TAFE, sporting facilities and public transport.

Land Details:
- Single title on Freehold
- Land use: Multi Unit dwelling (Flats)
- Zoned: Low Medium Density Residential
- 1,419sqm block of land

Units Details:
- 3 x 2 bedroom, 1 bathroom units
- 1 x 1 bedroom, 1 bathroom unit
- 4 x Secure Carports

Consisting of:
- Large Bedrooms with built in robes
- Each unit has an internal laundry, private rear yard and patio
- Air-Conditioning
- Security Screens throughout
- Fenced grounds with easy to maintain landscaped gardens

Return Details:
Unit 1 - Currently renting at $250/wk (New rental appraisal $320/wk)
Unit 2 - Currently renting at $290/wk (New rental appraisal $350/wk)
Unit 3 - Currently renting at $270/wk (New rental appraisal $350/wk)
Unit 4 - Currently renting at $260/wk (New rental appraisal $350/wk)
Total annual income $55,640/pa (Achievable annual income approximately $71,240/pa)
- Council rates: $5,334.02 per half year
- Water rates: Approx. $232.36 per quarter

Summation: This is a tidy and well-maintained complex with the opportunity to achieve some of the strongest returns in residential real estate. Consisting of four registered units (on one title) with a current gross rental income per week of $1,070 for residential leases, with scope to increase gross profits through short term/holiday rental via Airbnb or renovate and maximise potential residential lease rental returns.

This is truly a rare and exceptional opportunity for the astute investor. Call to arrange your inspection today!

Auction In Room at LJ Hooker (81-83 Woodward Street, Edge Hill)
and Online Via Realtair.
13/02/23 at 5:30pm

**Offers considered prior to Auction**

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Please note: Some virtual editing has been completed to remove personal items from images.