Investments are supposed to work hard and this block of five dwellings in one title, has a potential income of $65,000 PA.

Ideally suit Investors and self-managed super funds, this will be a good addition to your portfolio or a good start.

Located on Sheridan Street the main north south arterial with excellent access to the CBD, Airport, Shops and Cairns High is just over the road.

The units have a track record of strong rental, and the complex consists of four one bedroom units and one three bedrooms. Each unit is airconditioned and all units are individually metered.

Currently we have all five units tenanted.

Tenancy Schedule
Unit 7 – 1 Bed. $270pw. $14,040pa. Current lease til 12/09/2023

Unit 8 – 1 Bed. $250pw. $13,000pa. Current lease til 30/06/2023
Unit 9 – 1 Bed. $220pw. $11,440pa. Current lease til 31/05/2023
Unit 10 – 1 Bed. $300 pw. $15,600pa. Current lease til 29/02/2024
Unit 11 – 3 bed. $360pw. $18,720pa. Current lease til 12/07/2023

Total current potential $72,280pa

Outgoings
Body Corporate Costs $10,770.84 Approx pa Inc GST
Council rates $10,267.38 Approx p.a.

Inspection by appointment only in respect to the existing Tenancies.
Please note some photos are not current