You're welcome to inspect unit 38 at 439 Severin Street in Manunda.
Positioned only minutes from the Cairns CBD, Shops and The Esplanade this solid one-bedroom apartment is a perfect entry level investment property or a nice and cosy place to live. Located in the ""Excelsior Court"", a secure complex of 40 units this property will provide you with a carefree lifestyle with no garden maintenance required or too much to clean. Neat and tidy throughout the unit offers spacious interior, tiled living area, carpet, air-conditioning and built-in to bedroom, patio, undercover parking, and pool in complex.
Features include:
* One bedroom
* One bathroom
* Balcony
* Air conditioning in the bedroom
* Kitchen with lot of counter space
* Internal laundry
* Undercover parking
* Shared pool
For investors:
Price: $Offers over $139,000
Currently rented $225 per week till July 2022
Rental Appraised: $250 - $280 per week
Rates: $2,600 approximately per year
Body Corporate approximately : $2,350.00 -
Discount Applicable: 20% discount for prompt payment of levies. Total Discounted Annual Funds Payable This Lot: $1,880.00
Potential rental Yield: Approximately 6.7% (Estimate only based on the highest rent return)
Potential rental income: $14,560 (Estimate only based on the highest rent return)
A great investment with a good steady rental return and a long term tenant that would love to stay.
Call Claudio now to organise your private inspection - a notice of 24 hours is needed to inspect the property.
*Photos taken before the tenant moved in
