1/326 McLeod Street, Cairns North QLD 4870

A solid investment to add to your investment portfolio. 1 bedroom, 1 bathroom end unit with undercover carport surrounded by lush green gardens. An easy ground floor location and streamline open plan design with contemporary feel. Attractive rental return of $200 per week, ROI 8.3% approx. A lifestyle location only minutes to the Esplanade, with close proximity to cafes, restaurants, services, schools and public transport. Only 8 minutes to the CBD & 5 minutes to the airport.

Fixed Tenancy Agreement to 28.1.2021 at $200 per week. Was previously rented for $260pw, rent reduced during Covid and for inconvenience of property being For Sale. Can eventually increase rent to $260 per week, ROI 11.7%.
Number of units 12
Body Corporate Fees $2,500 aprox pa
Council Rates $2,500 aprox pa