10 Machans Street Machans Beach QLD 4878

DESCRIPTION

Your search for a well performing investment with capital growth potential to could end right here!

This café/ restaurant, popular with locals, is only 85m from the beach. What’s more, you get a highset Queenslander beach house to live in, renovate or rent out with great potential capital growth. This property would suit a couple with experience in property renovation and hospitality. With its excellent location and impressive rental yields, this is an opportunity that should not be overlooked.

Listing Price $785,000 (Vendor finance available with $50,000 min deposit).

Key Features: Neighbourhood Centre zoning - Closest Beach Suburb to Cairns City and Airport.

NOTE: The ground floor of this property was NOT flooded or damaged by ex tropical cyclone Jasper due to it being elevated on the sand bar.

• Ground floor corner Café restaurant premises totalling 210m2 including rear storage/parking yard. Was rented for $455 pw to 30 June 2024 with option to renew lease or owner occupy.

• Highset Queenslander house and yard totalling 357m2 includes 2 bedrooms, Living, Kitchen, Study, Bathroom, WC, Balcony (partly completed) with ocean outlook, Split air-conditioning, Ceiling Fans, Built In Robes, front and rear stair/entrances, Secure Workshop on ground level concrete slab under house and Undercover Car Parking for 2 cars. Could be renovated, rented for around $400-500pw currently or owner occupied.

Investment Highlights:

• Prime Beach Location: Offering relaxed lifestyle and accessibility to both Smithfield Shopping Centre and the Cairns CBD. Great potential for capital growth. Enjoy easy access to promenade, shop, state school and public transportation, making it an attractive choice for tenants.

• Rates $6,750 pa

Zoning use notes: The purpose of the Neighbourhood centre zone is to provide for –
(a) a small variety of uses and activities to service local residents; and
(b) other small-scale uses and activities that directly support local residents, including, for example, community services, convenience shops or offices. See Cairns Plan 2016 for details.