Property Details: • Type: Block of Units
• Bedrooms: 8 • Bathrooms: 4
Description: Astute investors, this is the definition of set and forget. A fully renovated block of 4 x 2 bedroom units on one title with no body corporate fees and a government-backed lease delivering an immediate $104,000 per annum guaranteed. No vacancy. No rental arrears. No management fees. 100% income certainty. Future lease extensions favoured. Solidly constructed in 1980 with concrete and masonry block throughout, suspended concrete slab second storey, concrete staircases and steel balustrades - this is a robust, low maintenance, low-risk asset built to last. Recently stripped back to bare concrete and completely redone from shell: -New plumbing, electrical, meter boxes and appliances -New kitchens and bathrooms -New flooring, lights, fans and air conditioning -Fresh paint internally and externally -Four separate water meters -All new fittings air cons and appliances have full warranty -Nothing left to do or spend but reap the returns Each unit offers: 2 bedrooms | 1 bathroom | open plan living | fully air conditioned | carport Total: 4 separate units renting at $500/wk each 8 bedrooms | 4 bathrooms | 4 carports Low-maintenance 728sqm block Located in one of North Queensland's highest performing investment suburbs; Woree with 134.3% median growth in the last 5 years!! This unit block is conveniently positioned within walking distance to schools, shops, medical and transport. Just 5.5km to Cairns CBD. Not in a flood zone or bushfire zone. Tax depreciation returns estimated in the range of $10,000 - $15,000 for the first year alone. Strong yield. Guaranteed income. Bulletproof construction. Opportunities like this are rare. Act quickly. All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.
