10 Trinity Street

Parramatta Park QLD 4870

405 m²

House

Currently for sale - view listing

Overview

HIGH-YIELD INNER-CITY INVESTMENT – $100,000+ P.A. INCOME!

9 Income Streams | Established Share House | Walk to Everything | Future Development Potential $100,000+ p.a. gross (approx. 9%+ yield) from 9 furnished rooms, just 350m from Cairns Central, on a 405m² Mixed Commercial/Residential site with redevelopment potential (STCA). Investors, take note! With Cairns experiencing tight rental vacancy rates and strong demand for centrally located accommodation, opportunities like this are well worth a closer look. Fully tenanted, furnished and operating with established house rules, this is a genuine walk-in, walk-out investment offering immediate income without the hassle of setting up a share house from scratch. THE INVESTMENT HIGHLIGHTS -9 individual rental rooms generating $100,000+ gross income p.a. -Historically 100% occupied with strong demand for inner-city accommodation -Average rental per room around $240 -Fully furnished walk-in, walk-out investment. -Class 1a fire alarm compliant with interconnected alarms and certification -Downstairs accommodation is legal height with windows to all rooms -Mixed Commercial/Residential zoning offering future development potential (STCA) -NOT situated in a flood zone -Two-level layout with kitchens, bathrooms and communal living spaces on each level -Separate front and rear access to both levels -Solar power helping offset electricity costs -Fully fenced, low-maintenance 405m² block -Double carport plus extensive off-street parking -Just 350m to Cairns Central and an easy walk to the CBD, shops, restaurants, transport and CQ University LOCATION. INCOME. FUTURE POTENTIAL. For investors, the appeal is simple. Nine income streams from one property, an established rental history, strong underlying accommodation demand and an incredibly convenient inner-city location. Whether you're looking to expand your investment portfolio, secure a high-income property or landbank a centrally positioned site with future development possibilities, 10 Trinity Street ticks plenty of boxes. The income is established. The tenants are in place. The location speaks for itself. Contact Karl Latham today for rental information, further details or to arrange your private inspection. All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.