18/87-91 Earl Street
This is a fantastic opportunity to purchase a renovated apartment in a great location. Only a short walk to DFO, Cazalys Sports Club, and a 5 min drive into Cairns City, this unit has the lot. Perfect for both owner occupiers and investors.
Thoughtfully renovated to a high modern standard with 600mm tiles throughout and a new kitchen and bathroom, the 2 bed apartment also features LED lights and is bright and airy. With a good mix of both owner occupiers and tenants, the complex benefits from an onsite supervisor that ensures the building is safe and secure and maintenance tasks are carried out. There are also security cameras around the complex. With full electric gates, a tennis court, and resort style swimming pool, there are a lot of additional features that make this building very desirable. The apartment is also being sold furnished, so nothing to do except move right in.
Now for the best part. The Body Corp fees for this apartment are approx.. $3500 pa. That’s right $3.5k pa and the rental appraisal is $380pw. Do the sums. It’s over a 5% Net Yield. If you are looking for a great investment property, then look no further. The Body Corp managers also have a number of planned maintenance improvements to keep adding value to the buildings.
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