An exceptional opportunity to acquire a near-new, fully tenanted residential development in one of Cairns' best locations.
Completed less than 12 months ago, this high-quality estate comprises 20 architecturally designed dwellings, purpose-built for long-term rental demand.
Ideally positioned within walking distance to James Cook University, schools, shopping centres, sporting facilities and public transport, Johanna Street presents a rare offering of scale, location, and exceptional income performance.
Key Investment Highlights:
• Completed in 2024 – Less than one year old
• Fully leased, generating immediate rental income
• Council-approved multi-dwelling development
• Modern design with a focus on sustainability and low-maintenance living
• Solar power systems installed on all units
• NBN connected with all-inclusive internet options for tenants
• High-quality finishes throughout, including European kitchen appliances
• Fully gated community
• Security screens and video surveillance
• No body corporate fees
Dwelling Mix and Floor Areas:
• 4 x 1-Bedroom, 1-Bathroom Units – Approx. 109 m²
• 10 x 2-Bedroom, 2-Bathroom Villas – Approx. 179 m²
• 6 x 3-Bedroom, 2-Bathroom Townhouses – Approx. 181 m²
Each home is fully fenced and has a low maintenance garden and includes either a garage/double carport/allocated parking. Each home has a powder room, private patio, and generous open-plan living areas.
Location:
• 100 metres to childcare
• 100 metres to public transport
• 300 metres north of the Smithfield Bypass
• 15 minutes to Cairns Domestic and International Airports
• 20 minutes to Cairns CBD
Walking distance to:
- James Cook University and new campus development
- Smithfield High School, Holy Cross, Newman College
- Smithfield Shopping Centre (including recent upgrades)
- Medical centres, community services, and recreational amenities
With a diverse unit mix catering to singles, couples, families and professionals, this asset has been thoughtfully designed to meet sustained rental demand.
The property is positioned on a cleared, square-shaped site with no easements, offering long-term structural and planning confidence.
This is a rare opportunity to acquire a modern, income-generating residential estate in a tightly held precinct with proven growth and demand.
For a detailed Information Memorandum, rental schedule, and inspection arrangements, please contact Shira David Stern on 0428 807 757.
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