232/191-193 Mcleod Street

Cairns North QLD 4870

This Apartment is Managed by the On-Site managers and well looked after and is ready to start earning you income from day one.

Currently the hotel is running a yearly average of around 75% occupancy and has room to increase and is doing so at around 5-10% per year as is the rental income going to owners. Do the sums, you cant go wrong.

A Brand new website has just been commissioned and proving to be a great asset for the hotel.

Call for more information or an appointment to view or just drop into reception.

Body corp. fees approx. $86 p/w

Council rates and water approx. $46 p/w

Rent permanently at $290/week, Rent achievable with holiday letting approximately $470.00 p/w (Increasing approximately 5-10% yearly over last 5 years)

Purchase price $165,000

Gross Yield around 8.5%(Permanent) 15% (Holiday Let)

On-site maintenance personnel for any maintenance to your apartment, no call out fees

CCTV throughout

Property Description

2 Bedrooms all with built ins and fully furnished

1 Bathroom/Laundry

Balcony

Ceiling fans to all rooms

Open plan living and dining area

New Airconditioning to all rooms via new Daikin multi split

Security screens to all windows and balcony doors

Security gates front of complex

Large inground swimming pool great for the kids while on holidays

New BBQ Area

Walk to bus stop, super markets, take-away shops for guests convenience

Great onsite managers to protect and grow your investment

Watch your investment portfolio grow with excellent presentation and management to the Security gated complex complimented by lush landscaping, Walk to shops and transport for holiday guests ease makes this a must, act now.

A new development just over the road, a dining precinct will increase the returns and value of this property in the coming years. As well as the new AQUIS resort being built in Cairns will start the are moving, act now before prices rise.

* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite Property Pty Ltd and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property Pty Ltd , its principals, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.