36/5 Fisk St, Westcourt QLD 4870

When looking for an investment property there are a number of factors to consider. These include location, quality of the property, rental return, and likely hood of growth in the area. For this property, it ticks all the boxes.

This apartment is located only 500m from DFO shopping centre, 1km from Trinity Bay High School & the Cairns Tafe, and only a little bit further and you are in the Cairns CBD. Every convenience you could ask for really is within arms reach.

The property is extremely low maintenance with tiles throughout, block walls and a well maintained body corporate. With ample storage throughout and split system air-conditioning in the bedroom this is a property a tenant will love.

Being centrally located and close to all amenities this property has wide appeal to prospective tenants. The current tenant is wanting to stay on at the property and is currently paying $180/week.

Rental yields for Westcourt have drastically grown in the last 12 months and rental vacancies are at an all-time low. Combined with this the future is looking bright for the Cairns economy and the local property market. There are several large developments under way in the Cairns CBD, including the construction of 3 new hotels. The tourism industry continues to improve year or year and the Cairns economy is diversifying with the city securing major Navy contracts and becoming an education hub with Central Queensland University and James Cook University continuing to expand.

Properties of this quality are getting harder to find so do not miss your opportunity to secure this one.

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THE FACTS
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Year built: 1983
Unit size: 44m
Current rent: $180/week
Market rent: $200/week
Lease: Periodical
Body corporate fees: $1,519pa
Council rates: $2,400pa