An affordable entry into the Cairns property market, this 28sqm ground-floor studio combines convenient living, excellent onsite amenities and immediate rental income.
Currently leased at $320 per week until 1 December 2027, the property provides investors with income from settlement and the security of a long-term tenant. For future downsizers or owner-occupiers, it offers an opportunity to secure an affordable, low-maintenance home now, with potential occupancy after the existing lease expires, subject to tenancy requirements.
The studio is comfortable and functional, while a modest future refresh of the bathroom and kitchenette could enhance its appeal and potentially support a higher rental return, subject to market conditions and rental appraisal.
Investment Snapshot
Price: Offers Over $150,000
Internal area: Approximately 28sqm
Current rent: $320 per week
Annual rental income: $16,640
Gross rental yield at $150,000: Approximately 11.1%
Body corporate fees: Approximately $3,542 per year
Council rates: Approximately $3,267 per year
Owner's water charges: Approximately $147 per year
Income after these listed outgoings: Approximately $9,684 per year
Indicative net yield at $150,000: Approximately 6.46% Indicative return is calculated before property management fees, insurance, maintenance, vacancy, financing and taxation.
Property Highlights
Convenient ground-floor position
Compact 28sqm footprint suited to low-maintenance living
Secure tenant in place until December 2027
Immediate rental income from settlement
Affordable body corporate fees for a complex offering extensive amenities
Low-maintenance studio living
Appealing entry-level Cairns investment
Potential to refresh the bathroom and kitchenette
Convenient Woree location close to shopping, services and Cairns CBD
Whether you're an investor seeking an affordable property with an attractive return or a future downsizer planning for simpler living, this studio presents compelling value.
Contact Esther Kim (0451 127 312) Trevor Gard (0418 181 677) today for further information or to arrange an inspection.
Disclaimer: All figures and information are approximate and provided for general guidance only. Prospective purchasers should conduct their own independent due diligence and seek professional advice before proceeding.
