10/201 McLeod St

Cairns North QLD 4870

109 m²

Apartment

Currently for sale - view listing

Overview

Set & Forget Investment - 6.5% Gross Yield, Tenanted Until October 2026

*Inspections via private appointment Investors, this one earns from day one! A top-floor, rear-position unit in the heart of Cairns North, currently returning $495 per week with a lease secured until October 2026. Walk straight into immediate income, zero vacancy stress, and a tenant already in place, in one of Cairns' most consistently in-demand rental locations. When the lease concludes in late 2026, the story doesn't end for any new buyer. This is equally compelling for an owner-occupier ready to move into a property that's been generating returns while they waited. Moments from the Esplanade, Cairns Hospital precinct, the CBD, and the best of the café and restaurant strip, it's the kind of address that attracts quality tenants and quality buyers for good reason. Property Features: - Currently tenanted at $495/week - lease secured until 28/10/2026 - Approx. 6.5% gross yield at asking price - Top floor, rear building - quieter position, no neighbours above - Partially furnished: lounge, TV, cabinet, dining set and bed included - Open-plan living and dining with natural light throughout - Private balcony with leafy outlook, accessible from the main bedroom - Well-appointed kitchen with generous bench space and storage - Generously sized bedrooms both with built-in wardrobes - Bathroom with large shower and internal laundry - Convenient single lock-up garage - Sparkling in-ground pool in a well-maintained complex - Body Corporate Fees: $8,698.36 p/a | Annual Council Rates: $3,266.90 Strong gross yield, partially furnished (reducing your fit-out exposure), and a well-maintained complex that keeps body corporate obligations predictable and manageable. This is an excellent opportunity for investors seeking immediate returns in a high-demand location, while also offering fantastic future owner-occupier potential. For more information or to arrange a private inspection contact Jozie Ulgasan on 0432 606 645.