38/439-443 Severin Street, Manunda QLD 4870

You’re welcome to inspect unit 38 at 439 Severin Street in Manunda.

Positioned only minutes from the Cairns CBD, Shops and The Esplanade this solid one-bedroom apartment is a perfect entry level investment property or a nice and cosy place to live. Located in the ""Excelsior Court"", a secure complex of 40 units this property
will provide you with a carefree lifestyle with no garden maintenance required or too much to clean. Neat and tidy throughout the unit offers spacious interior, tiled living area, carpet, air-conditioning and built-in to bedroom, patio, undercover parking, and pool in complex.

Features include:

* One bedroom
* One bathroom
* Balcony
* Air conditioning in the bedroom
* Kitchen with lot of counter space
* Internal laundry
* Undercover parking
* Shared pool

For investors:

Price: $Offers over $139,000
Currently rented $225 per week till July 2022
Rental Appraised: $250 - $280 per week
Rates: $2,600 approximately per year
Body Corporate approximately : $2,350.00 -

Discount Applicable: 20% discount for prompt payment of levies. Total Discounted Annual Funds Payable This Lot: $1,880.00

Potential rental Yield: Approximately 6.7% (Estimate only based on the highest rent return)
Potential rental income: $14,560 (Estimate only based on the highest rent return)

A great investment with a good steady rental return and a long term tenant that would love to stay.

Call Claudio now to organise your private inspection - a notice of 24 hours is needed to inspect the property.
*Photos taken before the tenant moved in