12/63 McLeod Street, Cairns City QLD 4870

This fully furnished one bedroom unit covering 54m in area is located on the top floor of the well-known City Terraces complex at 63 McLeod Street.
Within walking distance of Cairns Central Shopping Centre, it is the perfect investment for the purchaser looking for a property that can provide good returns due to its location in the Cairns city centre.
With the following features in place unit 12/63 McLeod Street is one to add to the top of any buyers hot list;
There are 19 units in total at City Terraces including the on-site managers. New management has commenced from 1 March 2017
Body corporate fees are $4,246 per annum, with the body corporate having over $74,000 in the sinking fund. The complex was built in 1999, allowing depreciation to be claimed on the building by the purchaser.
The current owners have opted for a fixed lease agreement providing $1,024 per month. There is also the option for the buyer to go into the holiday let pool.
City Terraces has a large pool in the complex, excellent security in place and a botanical garden atmosphere throughout. In addition, there is a covered entertainment are with BBQ next to the pool.
The private balcony is 8m in area and is perfect for guests to relax with their evening meal or morning cuppa.
For further information or to arrange an inspection contact agent today.