29/1 Anderson Road

Woree QLD 4868

24 m²

Studio

Currently for sale - view listing

Overview

Neat and tidy Vacant Ground-Floor Affordable Studio in Woree Offers Over $155,000

An affordable opportunity to enter the Cairns property market, this ground-floor studio offers low-maintenance living, a convenient Woree location and strong potential for investors or owner-occupiers. Positioned on the ground floor and currently vacant, the studio gives the new owner flexibility from settlement whether you are looking to secure an investment property, a Cairns base or an affordable place to call home. For investors, comparable studios within the complex are currently achieving approximately $360 to $400 per week, providing an encouraging indication of the property's rental potential, subject to a formal rental appraisal and market conditions. Investment Snapshot Price: Offers Over $155,000 Ground-floor position Currently vacant Indicative rent: Approximately $360$400 per week* Indicative annual rent: Approximately $18,720$20,800* Body corporate: Approximately $1,100 per quarter / $4,400 per year Council rates: Approximately $1,750 per half year / $3,500 per year At a purchase price of $155,000, an indicative rent of $360$400 per week represents a potential gross rental yield of approximately 12.1%13.4%, before expenses and subject to rental appraisal. Property Highlights Convenient ground-floor position Vacant and ready for the new owner Affordable entry point into the Cairns property market Strong indicative rental potential Low-maintenance studio living Suitable for investors or owner-occupiers Established complex with onsite amenities Convenient Woree location close to shopping, services and Cairns CBD With its affordable price point, vacant possession and encouraging rental potential, this studio represents an opportunity for buyers looking to enter the Cairns market without a large initial investment. Contact today for further information or to arrange an inspection: Esther Kim 0451 127 312 Trevor Gard 0418 181 677 Rental figures are indicative only and based on rental evidence from comparable/adjacent studios within the complex. Actual rental income may vary and is subject to market conditions and formal rental appraisal. Disclaimer: All figures and information are approximate and provided for general guidance only. Prospective purchasers should conduct their own independent due diligence and seek appropriate professional advice before proceeding.