Manunda QLD 4870
OFTEN SOUGHT ~ SELDOM FOUND Block of Units - Property ID: 974829
Block of 6 solid 2 bedroom units centrally located in Cairns just a few minutes drive or easy bike ride to the C.B.D. or Esplanade.
All units are rented to good long term tenants (3 have been there in excess of 5 years!)
Easily maintained rents of $270.00/week with potential for increases.
Current return $1620.00/week ($84,000/year)
Council Rates $10,813.90 /year
Current insurance $1,329.31 /year
These solid masonry block units were built by George Court (one of Cairns most renowned quality builders) and are situated on 1,288m2 allotment with potential for further development (with Council approval) These units were originally Strata Titled and could easily be Strata Titled again. The current owners d-strataed the units and got them put on one title to reduce rates, eliminate the body corporate fees and maximize returns.
- Land Size Approx. - 1 m2