9/157-159 Grafton Street, CAIRNS CITY, QLD, 4870

$210,000
Sold on 25th September 2019
  • 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


Property Details
Property Type: Residential

Property Features
Split System Airconditioning
Broadband Internet Available
Secure Parking
Swimming Pool-In Ground

Property Location

Ben August
Property Expert