152 Mccormack Street, Manunda QLD 4870

Here's an outstanding opportunity to capitalise with a potential income projecting to exceed approx. $76,800 PA. Investments are supposed to work hard and this block of four units offers the possibility.

With an exceptionally strong rental market coupled with low vacancy rates and tenancy agreements forecasted to continually rise, the market suggests to investors and self-managed Superfund holders this will be an decent addition to your portfolio or an exceptional start to your Monopoly future growth.

The complex consists of four two bedroom units with an ensuite in the master bedrooms and two-way bathroom access to the second bedrooms. All units are air-conditioned and each unit is individually metered and titled with long-term occupants in place. This unique property is sure to offer something that you may not have seen in the market yet but have desperately been searching for.

Inclusions:
• 4 x 2 Bed, 2 Bath,
• 4 x 1 Car plus 2 x visitor parking spaces.
• 4 x Balcony's
• 4 x Internal storage rooms
• All units are individually metered.
• All external doors have new security screens
• Kitchens equipped with modern appliances and whitegoods.
• Open plan living and dining area
• Split system air conditioning
• Built in robes
• Close to shopping centre
• Built: 2012
• Floor Plan: 441m²
• Block Size: 903 m²

The Figures -
• Unit 1 - $350pw. $16,800pa. Current Lease exp 02/03/2023
• Unit 2 - $350pw. $16,800pa. Current Lease exp 10/03/2023
• Unit 3 - $300pw. $14,400pa. Current Lease exp 14/02/2023 (potential $350pw)
• Unit 4 - $300pw. $14,400pa. Current Lease exp 16/02/2023 (potential $350pw)

• RE/MAX Real Estate Services Cairns Rental Appraisal Potential: $400.00 per week
Total Potential approx. $76,800 pa

Outgoings
• Council rates approx. $10,711.44 p.a.

Proudly brought to you by your Town & Country Specialist Billy Clarke, RE/MAX Real Estate Services Cairns.