9 Warner StreetManunda QLD 4870
Property Details for 9 Warner St, Manunda
9 Warner St, Manunda is a 4 bedroom, 2 bathroom Unit with 3 parking spaces and was built in 1971. The property has a land size of 1231m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (April 2023)
Multiple income streams are possible from the 3 accommodation options in the existing buildings on site. Mix and match both short and long term rentals across the 3 possible tenancies. No Body Corporate!
Superb condition, nothing to be done, the property can be purchased with existing furnishings and fittings in place in Cottages 1 & 2 if required, ready for occupancy from day one. Strong enough yield for an absentee owner to employ a Management Company and still get a great return.
The property has more than 50 favorable reviews on AirBNB, where it can be found under "Warner Lodge" Manunda. It experiences high occupancy and is popular with both tourists and contract workers, long and short term.
The business model that has been used successfully by the seller can be discussed at inspection.
The property has the following features:
- Close to Cairns City, TAFE, schools and two major Shopping Centres
- Public transport 200 metres
- No rear neighbours, adjoins the cricket ground (check the aerial photos)
- 3 Cottages on a large 1,231m2 flat site, all on one Title. No Body Corporate
- NBN Fibre to premises 1 and 3 (FTTP) for ultra high speed broadband
- Fully fenced with remote control front gate and security cameras.
- Security screens on all doors and windows
- All bedrooms, living & dining areas have ceiling fans and air conditioning
- Attractive covered outdoor patios to cottages 1 and 3
- Salt water Pool with Spa
- Bore water and pump available for use as required. Electronic control irrigation system
- Main cottage has 3 bedrooms, living room, dining room, large kitchen, 2 bathrooms and laundry, together with an adjacent Studio with Ensuite which can serve as a 4th bedroom or be let separately
- Middle cottage contains the Studio with Ensuite, a large storage room and three undercover car parks
- Rear cottage has 2 bedrooms, large living room, kitchen, laundry and a bathroom
-Covered walkway fully lit from the carport to Cottage 3
- Demonstrated high rental income possible. Exact income depends upon the mix of tenancies that you choose to operate and how much work you want to do. Current minimum on long term tenancy (least work required) has proven to be $700 per week for cottage 1 and $450 per week for Cottage 3
- Suitable to live in one cottage yourself and rent the other space(s) out for a solid income
- Recent Building and Pest Report available
- Council Rates $5,356 per annum approximately
Very few residential investment properties can compare to this one in terms of immaculate condition and strong yield achieved
Contact Details
Clive Abbott
0418 774 542
Property History for 9 Warner St, Manunda, QLD 4870
- 01 Mar 2023Sold for $785,000
- 18 Jan 2023Listed for Sale High $700,000s
- 14 Apr 2020Listed for Rent $575 / week
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About Manunda 4870
The size of Manunda is approximately 4.2 square kilometres. It has 12 parks covering nearly 16.2% of total area. The population of Manunda in 2011 was 4,963 people. By 2016 the population was 5,400 showing a population growth of 8.8% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation. In 2011, 39.3% of the homes in Manunda were owner-occupied compared with 38.3% in 2016.
Manunda has 3,108 properties. Over the last 5 years, Houses in Manunda have seen a 53.69% increase in median value, while Units have seen a 88.35% increase. As at 31 October 2024:
- The median value for Houses in Manunda is $540,250 while the median value for Units is $285,137.
- Houses have a median rent of $470 while Units have a median rent of $380.
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