Property Details: • Type: Block of Units
• Bedrooms: 42 • Bathrooms: 36
Description: An exceptional opportunity to acquire a near-new, fully tenanted residential development in one of Cairns' best locations. Completed less than 12 months ago, this high-quality estate comprises 20 architecturally designed dwellings, purpose-built for long-term rental demand. Ideally positioned within walking distance to James Cook University, schools, shopping centres, sporting facilities and public transport, Johanna Street presents a rare offering of scale, location, and exceptional income performance. Key Investment Highlights: Completed in 2024 Less than one year old Fully leased, generating immediate rental income Council-approved multi-dwelling development Modern design with a focus on sustainability and low-maintenance living Solar power systems installed on all units NBN connected with all-inclusive internet options for tenants High-quality finishes throughout, including European kitchen appliances Fully gated community Security screens and video surveillance No body corporate fees Dwelling Mix and Floor Areas: 4 x 1-Bedroom, 1-Bathroom Units Approx. 109 m² 10 x 2-Bedroom, 2-Bathroom Villas Approx. 179 m² 6 x 3-Bedroom, 2-Bathroom Townhouses Approx. 181 m² Each home is fully fenced and has a low maintenance garden and includes either a garage/double carport/allocated parking. Each home has a powder room, private patio, and generous open-plan living areas. Location: 100 metres to childcare 100 metres to public transport 300 metres north of the Smithfield Bypass 15 minutes to Cairns Domestic and International Airports 20 minutes to Cairns CBD Walking distance to: - James Cook University and new campus development - Smithfield High School, Holy Cross, Newman College - Smithfield Shopping Centre (including recent upgrades) - Medical centres, community services, and recreational amenities With a diverse unit mix catering to singles, couples, families and professionals, this asset has been thoughtfully designed to meet sustained rental demand. The property is positioned on a cleared, square-shaped site with no easements, offering long-term structural and planning confidence. This is a rare opportunity to acquire a modern, income-generating residential estate in a tightly held precinct with proven growth and demand. For a detailed Information Memorandum, rental schedule, and inspection arrangements, please contact Shira David Stern on 0428 807 757.
