15/171 McLeod St

Cairns North QLD 4870

96 m²

Unit

Currently for sale - view listing

Overview

Secure Investment with Long-Term Tenants & Strong Upside

Positioned in a well-maintained complex in sought-after Cairns North, this townhouse presents an outstanding opportunity for the savvy investor seeking immediate rental income with significant future growth potential. Currently tenanted by reliable, long-term occupants since 2019, the property offers stability from day one. The existing lease is secured until September 2026, with tenants expressing a strong desire to remain-providing continuity and peace of mind for the next owner. Returning $425 per week, the property is currently performing below market value, with a rental appraisal indicating a potential increase to approximately $550-$600 per week. This presents a clear opportunity to enhance yield in the near future. Key Investment Highlights: - Long-term tenants in place since 2019 - Lease secured until September 2026 with tenants keen to stay on - Current rent: $425 per week - Rental appraisal: $550-$600 per week -Body corporate fees: approx. $4,800 per annum - Council rates: approx. $3,200 per annum Located just minutes from the Cairns CBD, expanding hospital precinct, and Esplanade, this is a high-demand rental area that continues to attract quality tenants. Enquire to receive a copy of the following documents: Sellers Disclosure Buyers Guide Property Summary Rental Appraisal Offer Form Whether you're expanding your portfolio or securing your first investment, this is a low-maintenance, high-potential property that ticks all the right boxes. **Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavor to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.