9/157-159 Grafton Street, CAIRNS CITY, QLD, 4870
- 2 BED
- 1 BATH
- 1 CAR
8.43% net return, Value Investment in Cairns City
Zoned, Holiday Let only
Great Returns of $460pwk ($24,000pa) in the holiday letting pool or leased back by the onsite management at $332pwk. (Outgoings and financials below)
Cairns, a city primed for growth with large sums to be invested into the region over the next 2-3 years. Only a short stroll to everything the Cairns Esplanade and City Centre have to offer. Units at prices like this one will become a thing of the past
Getaway on Grafton is a well-presented complex, with features like:
– Modern furniture package
– Low maintenance, stylish stone bench top
– Stainless steel dishwasher, oven and glass cooktop
– Two-way bathroom creating an en-suite to the master bedroom
– East facing balcony for light sea breezes and the morning sun
– Convenient elevated floor location
– Sparkling resort style pool and spa with BBQ facilities
– Onsite allocated car park
– Walking distance to the city centre
– Only 700m from the Esplanade
– Separate, internal laundry with washing machine and dryer
– Fully air-conditioned
– 88m2 including 10m2 balcony, plus 14m2 exclusive use car park
– Gated complex with remote access provides added security
– Onsite tour desk
– Perfect for Airbnb
Zoned Holiday Let: Maximum single stay allowed in the complex is 90days, no permanent living.
Financials:
Outgoings:
Body Corporate fees – $5471.49pa
Council Rates – $2,500.00pa (approx)
Return:
Holiday Letting Pool – returning $450pwk on average currently $24,000pa
Currently Leased back to the onsite manager: $1430 per calendar month