206 Grafton Street

Cairns City QLD 4870

Main Features:

263 m2 city block
Corner block (Grafton Street / Upward Street)
Walking distance from shopping center and CBD
Fully fenced (New fence)
New roof
New staircase
Three bedrooms with potential for the fourth one
Two bathrooms
Two living areas
Two car spaces plus plenty of car spaces off the street
Storage
Double entrance (one from Grafton Street and the other from Upward Street)
Potential for dual living (Separately metered already)
Title is currently commercial and residential

In detail features downstairs:

One Bedroom open living with potential for the second bedroom to be added
One bathroom
Kitchen
Living/Dining area
Carport
Storage

In detail features upstairs:

Two bedrooms with potential for the third bedroom to be added
One bathroom
Kitchen
Large living / dining area
Sunroom

This property has a lot of potentials such as:

Investment opportunity thanks to the location and the possibility to do Airbnb accommodation
Potential for dual living (Upstairs/Downstairs)
Potential to have your studio (Yoga, Pilates, Etc.) downstairs and live upstairs

For investors:

Rates: $2,950 approximately per year
Landlord Insurance: $439 approximately
Rental appraisal: $280-300 per week downstairs & $380 - $410 per week upstairs (Estimate only)
Potential Rental Yield:5% (Estimate only)
Potential Holiday Letting Yield: 9% (Estimate only)

Call Claudio now to organise your private inspection a notice of 24 hours is needed to inspect the property.
* Currently rented until early March 2022
**Photos have been digitally cleared for the tenant's privacy
***Please note the potential are suggestions of what the property could be and might require you to seek approvals and carry out some works to the home**