Sometimes a change in price completely changes the opportunity.
At 108A Callaghan Street, that is exactly what has happened.
Currently returning $1,230 per week, this substantial two-level Queenslander is now positioned in the high $600,000s, putting the gross rental return at approximately 9.4%.
For an investor, those numbers deserve attention.
For an extended family, the layout deserves attention too.
The home is configured across two substantial levels, offering four bedrooms, two bathrooms, multiple living areas and two kitchens.
Upstairs retains much of the character expected from a Queenslander, with timber floors, three bedrooms, generous living areas and a large covered deck providing an easy connection to the outdoors.
Downstairs significantly expands the way the property can be used. With its own kitchen, bathroom and substantial additional living space, it provides granny-flat-style accommodation with genuine dual-living potential.
It could suit extended family, older children, guests, shared living arrangements or buyers simply wanting separation between generations.
Outside, the property is fully fenced and offers side access, a shed and covered parking.
And yes - there is work to do.
This isn't being marketed as a perfectly renovated home. There is cosmetic improvement required, which gives the next owner the ability to update the property gradually and potentially add further value.
What you are buying is space, flexibility, income and opportunity.
Located only minutes from Cairns City, the property combines convenience with a configuration that is increasingly difficult to replicate at this price point.
At high $600's, with $1,230 per week already coming in, the numbers - and the potential - are becoming very hard to ignore.
THE INVESTMENT SNAPSHOT
• Currently returning $1,230 per week
• Great tenants already in place
• Two levels of living
• Kitchen facilities upstairs & downstairs
• Bathroom on each level
• Multiple living areas
• Three bedrooms upstairs + substantial downstairs accommodation
• Fully air-conditioned
• Large covered entertaining deck
• Fully fenced yard
• Shed
• Scope to update and add value
• Close to Cairns CBD, shopping & services
Enquire today for further information.
Team Bragg
Nicole | 0428 455 563
**Disclaimer - Ray White Cairns & Beaches and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.
