Positioned as a high-performing, income-generating asset, 65 Ishmael Road presents a rare opportunity to secure a fully leased unit complex with immediate cash flow and long-term upside. Proudly presented to the market by 'The Ray Murphy Team', this solid investment is ideally suited to the astute investor looking to expand their portfolio with a proven, income-producing asset. Set on a generous 959m² allotment, the property comprises five units in total, all tenanted with secure leases in place, delivering consistent returns from day one. With no body corporate fees and future development potential, this is a strategic acquisition in a tightly held market.
Property Highlights:
• Full unit complex on a 959m² block
• 100% occupancy with long-term tenancies in place
• Four (4) x 1-bedroom, 1-bathroom units
• One (1) x 2-bedroom, 1-bathroom unit
• Strong rental return with reliable income stream
• No body corporate fees, maximising net return
• Future development potential (STCA)
Current Rental Income:
• Unit 1: $375.00 per week until February 2027
• Unit 2: $360.00 per week until October 2026
• Unit 3: $360.00 per week until March 2027
• Unit 4: $360.00 per week until February 2027
• Unit 5: $340.00 per week until April 2027
Conveniently positioned within walking distance to Stockland Shopping Centre, Barr Street Markets, and public transport, the property offers exceptional accessibility for tenants. Local schools, medical facilities, and recreational amenities are all nearby, while the Cairns CBD and Esplanade are just a short drive away, ensuring ongoing demand and strong rental appeal.
Contact 'The Ray Murphy Team' today to register your interest!
Secure your spot early! Register now for a seamless bidding experience at our upcoming auction: https://auctionslive.com/app/bidder-registration/4vAmJ
Disclaimer:
All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
