A Genuine Opportunity With A Genuine Deadline: $210,000 ONO Considered | Serious Buyers Only
The seller's instructions are clear: this property must be under contract by 30th June 2025 or it will be withdrawn from the market. Importantly, the property does not need to settle by 30 June, simply be under contract. If not sold by the deadline, the seller intends to retain the asset.
Affordable investment opportunities with the potential to deliver this level of return are becoming increasingly difficult to find. Positioned within a quiet, well-maintained complex of only 26 apartments, this first-floor studio apartment presents an exceptional opportunity for investors seeking strong cash flow, low-maintenance ownership and an affordable entry point into the Cairns property market. Currently leased on a periodic month-to-month tenancy, the property also offers flexibility for future owner-occupiers, with vacant possession potentially available in approximately two months.
The Highlights:
• Potential 9.3% Gross Yield*
• Affordable Entry Price
• Periodic Tenancy Offering Flexibility
• Quiet Complex of Only 26 Apartments
• Swimming Pool Within The Complex
• Well-Managed Body Corporate
• Low-Maintenance "Set & Forget" Investment
• Under Contract By 30th June or Withdrawn
Property Features:
• First-floor studio apartment (26m²)
• Functional kitchenette
• Bathroom with freestanding shower
• Air-conditioning
• Allocated car park
• Shared laundry facilities
• Swimming pool within the complex
The Bottom Line:
• Rental Appraisal: $375 per week (approx.)
• Body Corporate Levies: $2,200 p.a. (approx.)
• Council Rates: $1,500 half-yearly (approx.)
Whether you're looking to add a high-yield asset to your portfolio, secure an affordable investment with strong income potential, or purchase a future home at an attainable price point, this opportunity deserves your immediate attention.
Properties at this price point with this level of investment appeal are becoming increasingly rare.
$210,000 ONO Considered | Serious Buyers Only
Please note: The marketing photographs are representative only and do not depict the exact apartment currently available, as the property is tenanted. The images shown are from a similar unit within the complex A minimum of 48 hours' notice is required for inspections or property access, as the apartment is currently occupied. A video walkthrough is available upon request.
Yield Disclaimer: Any reference to rental income, rental appraisal, gross yield, return on investment or future investment performance is provided as an estimate only and is based on information available at the time of marketing. The stated gross yield has been calculated using the asking price of $210,000 and a rental appraisal of $375 per week. Actual returns may vary depending on purchase price, vacancy periods, management fees, maintenance costs, insurance premiums, statutory charges and other ownership expenses. Prospective purchasers should undertake their own independent investigations and obtain professional financial, legal and taxation advice. Neither the seller nor the agent guarantees any rental return, yield or future investment performance.
