59-61 Woodward Street, Edge Hill QLD 4870

One for the super fund?

Block of 6 x 2 bedroom units in the heart of Cairns most sought after area. Situated less than a minutes walk to the Edge Hill shops and Cafes and a few minutes to the Botanical Gardens, Centenary Lakes and the Red Arrow walking track.

Solid brick construction
Land area 1214m2
Good long term tenants (3 have been there for over 5 years and 1 for 16 years)
Current return $1445.00/week
$75,140/Annum
Could (Should) now be increased to $1680/week
($280.00 per unit) but owner wants to "look after" his good loyal tenants (market rental $87,360/year)
Rates $5,604/half year $11,208/year
Insurance $4,856/year (Building, contents & Landlords insurance - paid for 12 months from 25/12/13)
Inspection by private appointment to qualified buyers