6 ALLAN STREET, Bungalow QLD 4870

A unique and tightly held opportunity in the heart of Bungalow, just minutes to Cairns CBD, this complex of four large townhouses offers outstanding potential for investors, land-bankers or extended families.

Positioned in a quiet residential street, the property is within walking distance to bus stops, schools, shops, and only a short drive to Cairns Central Shopping Centre and the Esplanade.

Unit 1:
• 2 spacious bedrooms with built-in robes •1 bathroom upstairs + 2nd toilet downstairs •Master bedroom with balcony •Open-plan living and dining
•Internal laundry •single carport.
• Currently tenanted until 21st Jan 2026 @ $420 per week

Unit 2:
• 2 spacious bedrooms with built-in robes • 1 bathroom upstairs + 2nd toilet downstairs • Master bedroom with balcony • Open-plan living and dining
• Internal laundry • Lockable single garage
• Currently tenanted until March 26 @ $380 per week

Unit 3:
• 2 bedrooms + 2 separate living areas • Renovated kitchen with loads of storage & dishwasher • 1 bathroom + 2nd toilet downstairs • Oversized internal laundry
• Lockable single garage.
• Currently tenanted until Aug 26 @ $400 per week

Unit 4:
• 2 spacious bedrooms with built-in robes •1 bathroom upstairs + 2nd toilet downstairs •Master bedroom with balcony • Open-plan living and dining
• Internal laundry • Lockable single garage
• Currently tenanted until Oct 26 @ $350 per week

Why You'll Love It:

• No Body Corporate Fees – full control and low outgoings
• All four dwellings on one freehold title
• Solid brick construction and low-maintenance design
• Good rental returns with long-term tenants in place
• Sought-after central location, only 5 minutes to Cairns CBD
• Long term tenants.

Financials:
Rates: $3500 per unit per year
Current Rent : $1550 per week
Current Returns: 5.7%-
Potential ROI: 7% with market rent.
Potential rent: $2000 per week.

This is a rare chance to secure a versatile and high-performing asset in a prime inner-city suburb. Opportunities like this are hard to find – don't miss your chance to own a full complex in one of Cairns' most connected suburbs.


Disclaimer: The photographs used in this advertisement have been digitally enhanced and may not accurately represent the property's current appearance to protect tenant privacy.
Units 1, 2, and 4 share the same floor plan as depicted.. They are intended to convey the property's potential only. Prospective buyers should conduct their own inspections and due diligence.

Powerhouse Property is a licensed real estate agency. However, we are not licensed builders, inspectors, or valuers. The information provided is supplied by third parties and offered as a general guide only. We make no guarantees as to its accuracy, completeness, or currency and accept no liability for any errors, omissions, or misstatements. This material does not constitute building, pest, planning, or legal advice. Independent inspections and professional advice are strongly recommended.

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