FOR SALE
1,199,000

17 Grimshaw Street
Parramatta Park QLD 4870

Bedrooms: 8
Bathrooms: 5
Car spaces: -
Land area: 411m2
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Retirement Made Easy

Great income producing property awaits savvy investors, turning over approximately $160k in 2023.
The property consists of 4 units registered on one title, so your options cover all available rental income possibilities such as Air B n B, short term and long term tenancy options. You can even live upstairs and rent out downstairs if you please.
 Currently renting out each flat individually on short-term basis on Air B n B and Booking.com. . There is a separate office downstairs where they spend a couple of hours in each morning sorting out check-ins and check-outs.
The location of 17 Grimshaw Street is second to none as it is only a 3-minute walk to Cairns Central Shopping Center and 10 minutes to the Esplanade of Cairns City, which is why occupancy is very high all year round.
They receive one only electricity bill which is very cheap due to the large 12.96kw solar power system.
Unit 1: Upstairs - 4 bedroom unit , 2 bathrooms
• Combined kitchen/dining with ample storage and bench space
• 2nd living space opens from the kitchen
• Fully Air-conditioned
Unit 2 : Upstairs - 2 bedroom unit, 1 bathroom
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Property Details for 17 Grimshaw St, Parramatta Park

17 Grimshaw St, Parramatta Park is a 8 bedroom, 5 bathroom House. The property has a land size of 411m2. The place is currently for sale with Property Shop Cairns.

Building Type
House
Land Size
411m2

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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has NaN properties. Over the last 5 years, Houses in Parramatta Park have seen a 46.62% increase in median value, while Units have seen a 68.03% increase. As at 30 November 2024:

  • The median value for Houses in Parramatta Park is $596,882 while the median value for Units is $411,721.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently no properties listed for sale, and no properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Parramatta park.

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Lance Richards
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Property Shop Cairns
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