This property is a genuine rarity! The sellers have expended all the renovation costs; council & design fees and time in creating a fully Cairns Council approved "student lodge", which is within close walking / biking distance to James Cook University! The property position also places it within 15 minutes of Cairns Airport, a short drive to the attractive palm fringed beaches and short stroll to the local major shopping centre!
The sellers have provided accommodation for students which has yielded an income of $50,400 per year, however the options for new owners are plentiful:
- Continue as a student lodge
- A mix of student & shared accommodation
- Perhaps an augment in supplying accommodation under N.D.I.S requirements?
The choices are yours to explore! Of course, a large or multi-generational family will also be accommodated.
Features include:
- $50,400 gross income from 6 students
- Generous 1,438m2 lot
- 10 kw Solar
- Large shed / garage and carport with driveway side access
- Potential to increase number of rooms - S.T.C.A
- A fresh, modern interior
- Ideal superfund investment
To be Auctioned 6.30pm Tuesday, August 24th at the Ray White Auction Room, Shop 3, 2-4 Stanton Road, Stanton Place Business Centre, Smithfield.
For further information or to arrange your inspection, contact Paul Stirling on 0418 774 353 or Ned McLachlan on 0412 885 734.
To register your interest in the Auction of this property please complete bidder registration:
https://auctionslive.com/app/bidder-registration/8zjm
Disclaimer - This property is being sold by Auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
