RentBetter Property ID: 428713 (quote when calling)
Price Reduction to $375,000
Private Inspections available.
Valuation, building & pest report, and sellers disclosure report all able to be sent to buyers
MULTIPLE RENOVATIONS CONDUCTED RECENTLY (see below)
Unit size: 79m2 (which includes unit 58m + garage 17m + laundry area 4m)
There is also an enclosed backyard and front patio
Small single story complex of six units, mostly owner occupied.
The unit is located at the end of the complex. with a leafy side yard
PETS can be owned with approval, and spend time in the enclosed back yard (another owner here has a small quiet dog)
Semi enclosed front patio
Covered garage
Nature all around - trees, bushes, grass
Security front gate to complex
Blinds over most windows
Air conditioning and fans in living room and both bedrooms
Lots of storage space in kitchen and bedrooms
Lots of natural light coming in throughout the unit
Built-in wardrobes in both bedrooms
Large hot water tank
Selling unfurnished (curtains/blinds included and washing machine if requested)
4 minutes drive to Cairns Central shopping centre in Cairns City, 6 minutes bicycle ride
Bus stop around the corner
Bunnings and other hardware type stores in surrounding streets
Post Office, Thai Restaurant, Enviromart, dog park, all nearby
Front fence of complex just replaced
POTENTIAL IMPROVEMENTS FOR UNIT APPROVED BY COMMITTEE AT AGM:
Solar panels, garage roller door, back fence extension
RENOVATIONS: CONDUCTED IN UNIT THIS YEAR:
New fans, lights, switches, and powerpoints throughout (including 4 point powerpoints)
Vanity unit, shower head, toilet roll holder, toilet seat, toilet mini-stopper all replaced.
Cistern atop toilet replaced with touch-less sensor cistern
Both bedroom`s wardrobe doors straightened and new shelves for both wardrobes
New locks for all doors, and rollers for front security door
Flyscreens replaced in most windows
New curtains and blinds throughout
Hinges replaced in kitchen cupboards
Extra towel racks added in bathroom and kitchen
Backyard has a new side gate, clothes line wire, and isolation valve protector
Pressure wash done of patio fencing and back fence of complex
Patio roof perspex sheets replaced (since photos taken, so not showing in photos)
Walls of unit repainted (this one done last year by previous owner)
Also available as a straight SWAP-for another inner city unit (rather than sale). after valuation reports are compared for the difference.
LEVIES: $5,035 per YEAR approximately
RATES: $3,250 per year approximately
SINKING FUND: $33,000 approximately
RENTAL POTENTIAL: $480 to $510 rental appraisal from Ray White Cairns.
Last time rented under lease was October of last year, but no rental increase on property for several years (confirmed by agency).
Currently a rooming accommodation at $245 PER ROOM = $490 TOTAL A WEEK.
Occupants in rooming accommodation are only required to receive 30 days notice to vacate following a sale of the property, compared with 60 days notice for standard residential tenancy fixed term rental lease agreements.
If you are an investor, the current housemates want to stay long term under any arrangement and are very tidy, quiet, clean, reliable tenants. The rule about only 1 rent increase a year permitted on a property doesn't apply when transferring from a rooming house to a rental, as only individual rooms are rented out in rooming accommodation.
The property is for sale direct by the owner (a property flipper from Upfront Property Cairns), without an agent.
The sale price of $385,000 for 6/15 Kidston St is the market value established by an independent professional valuation company that assesses market values for bank loans (Opteon Valuers), so you know the worth of what you are getting and that you won`t be overcharged.
It also offers peace of mind for those needing a bank loan, as your own bank valuation estimate will be very similar.
A building and pest report has also been conducted, and both it and the valuation report will be sent to all interested buyers
The valuation report and building and pest report are offered for viewing to buyers in agreement with Upfront Property`s policy to create a more transparent and reliable property sale.
These reports however are only an initial general guide, offering no guarantees. Buyers therefore should still conduct their own research and inspections if purchasing.
