17 Grimshaw Street, Parramatta Park QLD 4870

Great income producing property awaits savvy investors, turning over approximately $160k in 2023.

The property consists of 4 units registered on one title, so your options cover all available rental income possibilities such as Air B n B, short term and long term tenancy options. You can even live upstairs and rent out downstairs if you please.
 Currently renting out each flat individually on short-term basis on Air B n B and Booking.com. . There is a separate office downstairs where they spend a couple of hours in each morning sorting out check-ins and check-outs.

The location of 17 Grimshaw Street is second to none as it is only a 3-minute walk to Cairns Central Shopping Center and 10 minutes to the Esplanade of Cairns City, which is why occupancy is very high all year round.

They receive one only electricity bill which is very cheap due to the large 12.96kw solar power system.

Unit 1: Upstairs - 4 bedroom unit , 2 bathrooms
• Combined kitchen/dining with ample storage and bench space
• 2nd living space opens from the kitchen
• Fully Air-conditioned

Unit 2 : Upstairs - 2 bedroom unit, 1 bathroom
• Well sized kitchen divides the 2 bedrooms
• Fully Air-conditioned

Unit 3 : Downstairs - 1 bedroom unit (2 Beds)
• Modern kitchen
• Combined tiled living and dining area
• One large tiled bedroom with double and single bed
• Shower and toilet facilities

Unit 4: Downstairs - 1 bedroom unit (2 beds)
• Combined tiled living and dining area
• Kitchen with ample storage; electric oven and cooktop
• Shower, toilet and vanity with storage

A once in a lifetime opportunity to secure this ideal investment property. What a great return!