24-28 Lumley Street, Parramatta Park

Unbeatable Location – Incredible Cashflow Opportunity!

GBR Realty is delighted to offer to the sales market “Cairns Kangarooms Student Living”, a carefully designed and constructed, low maintenance, energy efficient student boarding house. Comprising of 4 dwellings in total which offer 40 furnished bedrooms located at 24-28 Lumley Street, Parramatta Park. This property presents an outstanding investment opportunity within one of Cairns inner City suburbs.

Key attributes of this impressive opportunity include:
• Specifically built for international and domestic students
• Family owned and operated business
• 40 single furnished bedrooms complete with king-single bed, desk and chair, wardrobe and storage, ceiling fan and air conditioning
• 4 rooms are wheelchair compliant
• Each building has fully equipped modern shared kitchen with individual food lockers for each resident
• Dining and living areas furnished with a homely touch
• Each building has communal bathrooms, 3 x toilets & 3 x shower cubicles on the 1st floor, with one wheel chair compliant (PWD) toilet & shower combination on the ground floor
• Sensor lights fitted in each common area including kitchens, bathrooms, lounges, hallway and outdoor living areas for power saving and convenience
• Potential return of $7,200 – $8,400 per week approx.
• Strong full occupancy potential with current rental market
• Card access to individual bedrooms, buildings and both gate access points, fully gated complex and 24-hour surveillance for peace of mind
• 30KW solar was installed in April 2021
• Energy efficient split system air conditioning to each bedroom which can be individually isolated through a master control in the office
• Backup generator automatically powers the property when there is a local power outage
• Fast 50/50 WIFI with fibre to the node only for Kangarooms usage
• Situated on 1,063sqm block with two access streets (Lumley St & Trinity St)
• 8 onsite laundries have washing machines and dryers which are all coin operated
• Swimming pool, BBQ facilities and communal herb garden
• Gardens with programmed irrigation
• Updated fire panel and fire alarms
• Reception/Office area with extremely helpful staff
• Short walk to Cairns Central Shopping Centre, Cairns CBD, public transport and all the city has to offer

Here is your chance to invest in a secure investment with diverse income stream in high demand location. This property has been meticulously maintained and upheld and is ready for its new investor. Contact Katy Zhou to secure a private inspection today!