Inner City Opportunity - $3,200 p/w Potential Returns!
Located in the heart of Cairns City is this rare opportunity that boasts so much potential. Prepare to get excited as we explore the possibilities.
Firstly, this property consists of two large Queenslander style residences on a flat 1,012m2 block, which includes 16 bedrooms and 6 bathrooms between them. With both homes recently undergone renovations and upgrades, they are currently both fully fit for maximum occupants. With NEW bathrooms and an industrial share kitchen fitted, new air conditioners throughout, fully repainted internally as well as a newly built undercover deck for entertaining, you can be assured of maximum comfort no matter what room you are in.
You could continue to keep the properties as residential dwellings and rent out the rooms as a share house. The current owner has done this at $200 a week per room and has been successful with securing tenants, especially through the recent rental shortage. That’s a whopping $3,200 a week potential! Complete with an inground swimming pool, large industrial kitchen, multiple outdoor relaxation areas, ample car parking, secure fully fenced lot and walking distance to all your local inner-city amenities.
Secondly, we have a developers dream. With the possibility of repurposing the current buildings and creating your very own commercial dwellings for ample business ideas. The possibilities are very open as it is set upon a Mixed Use Zone which allows nearly everything (Pending council approval). This includes childcare centre, education establishment, food and drink outlet, function facility, hotel or motel, offices, shops or short-term accommodation.
Thirdly you could live in one building and rent out the other. Imagine living in a large, inner city family home of your dreams and watching the other property pay for itself in rental income. The potential is all there for you to make it worth your while.
For more information on this exceptionally rare property, please contact Katy Zhou today to arrange your private inspection on 0402 026 077 or [email protected]