This is a rare opportunity to secure a renovated 4 unit complex in the centre of Mareeba's CBD! You won't find a better location, and the best part is NO BODY CORPORATE as this complex is all held on a single title. Each unit has two bedrooms, a renovated kitchen and bathroom. The complex is fully fenced, with separate external access to each two bedroom unit.
Unit 1 - Currently tenanted for $380 per week until 16th October 2025.
Unit 2 - Currently tenanted for $380 per week until 26th November 2025.
Unit 3 - Currently tenanted for $380 per week until 14th October 2025.
Unit 4 - Currently vacant - under application
This property has previously been rented to seasonal farm workers under the PALM Scheme. Workers under this scheme pay a weekly rate either per bed or per room, and are often managed by an Approved PALM Scheme Workforce Provider.
- GROSS INCOME $131,500+ PER YEAR! (15% GROSS RETURN!)
- Unit complex on a single title (NO BODY CORPORATE)
- 4 x 2 bedroom, 1 bathroom units
- Fully renovated brand new kitchens to each unit
- Modern bathrooms
- Large master bedrooms
- Timber flooring to upstairs units
- Tiled flooring throughout to ground level units
- Council approved & PALM Scheme Approved for worker's accommodation
- Zoned Medium Density Residential under Mareeba Shire Council
- NOT affected by flood hazard mapping
- Rates are $6,315 half yearly (approx)
- Insurance $4,890 annually (approx)
- Based on current 'permanent rental' market, a weekly rental of $380 per week each unit (as is)- $400 per week (air-conditioned) could be achievable.
This complex is sure to be sold fast to a savvy investor! Contact EXCLUSIVE Agent Katrina Kazim, Explore Property today on 0400 710 639 to arrange a private inspection and to obtain financial information!
▶
