1 171 Grafton Street Cairns City QLD 4870

DESCRIPTION

Your search for a high performing investment prospect could end right here!

Introducing a this terrificly located property at 1/171 Grafton Street in the heart of Cairns, proudly brought to you by NP Property. With its excellent location and impressive rental yields, this is an opportunity that should not be overlooked.

Key Features:
▪ Central Location, Ground floor unit space totalling 62m2 ▪ Rented for $440 pw to 30 June 2024 with option to renew lease or owner occupy ▪ Body Corporate fees $3, 417 pa, Administrative Fund $24,607, Sinking Fund $39,066 ▪ Rates $2,919 pa ▪ Ground floor corner unit totalling 62m2 includes 2 bedrooms, Kitchen, Patio, Split air-conditioning, Ceiling Fans, Built In Robes, Security Screens ▪ Private Undercover Car Park ▪
Listing Price $320,000

Investment Highlights:
• Prime Location: Offering convenience and accessibility. Great potential for capital growth with hospital and schools nearby. Enjoy easy access to promenade, shops, and public transportation, making it an attractive choice for tenants.
• Strong Returns: Excellent gross ROI at 7.14%.
• Low Maintenance: As part of a well-maintained complex, this property requires minimal upkeep. Let the Body Corporate take care of the day-to-day maintenance, allowing you to enjoy a hassle-free investment.