Don't miss this exceptional opportunity to secure this entire block of units, set on a generous 756m2 parcel of land and only minutes from the beach. Whole unit blocks like this are extremely hard to come by and offer strong rental returns with no Body Corporate fees. The "Sunbird Apartments" complex is also strata titled, allowing you flexibility with your investment - if ever you wished to sell an apartment individually. This lovely complex is set on one level and consists of 3 spacious 2 bedroom units with covered parking. There is also potential to further increase on the current investment with some modernisation. This is a lifetime opportunity to create CASH FLOW and set yourself up for retirement. Vacancy rates in Cairns are currently hovering around 1% and with international borders having just opened, you can be confident of a secure investment with such high rental demand. PROPERTY DETAILS: 3 x two bedroom units: Unit 1 - 87 m2 Unit 2 - 82 m2 Unit 3 - 110 m2 INVESTMENT DETAILS: Unit 1 is currently rented at $350 per week, Unit 2 is $290 per week & Unit 3 is $300 per week. Total Rent $940 per week. Leases for 2 and 3 are until September 2022. Unit 1 ends July 2023. Current rental appraisal of approx. $1,100 per week. Insurance Building – $4,861 yearly with CGU Insurance Rates - $8,181 yearly Rates can be reduced if you choose to amalgamate back into one title. You may never find an opportunity like this one again - Call today to arrange an inspection.
