This fully furnished one bedroom unit covering 54m² in area is located on the top floor of the well-known City Terraces complex at 63 McLeod Street. Within walking distance of Cairns Central Shopping Centre, it is the perfect investment for the purchaser looking for a property that can provide good returns due to its location in the Cairns city centre. With the following features in place unit 12/63 McLeod Street is one to add to the top of any buyers hot list; •There are 19 units in total at City Terraces including the on-site managers. New management has commenced from 1 March 2017 •Body corporate fees are $4,246 per annum, with the body corporate having over $74,000 in the sinking fund. The complex was built in 1999, allowing depreciation to be claimed on the building by the purchaser. •The current owners have opted for a fixed lease agreement providing $1,024 per month. There is also the option for the buyer to go into the holiday let pool. •City Terraces has a large pool in the complex, excellent security in place and a botanical garden atmosphere throughout. In addition, there is a covered entertainment are with BBQ next to the pool. •The private balcony is 8m² in area and is perfect for guests to relax with their evening meal or morning cuppa. For further information or to arrange an inspection contact agent today.
