This beautifully maintained and renovated three bedroom low-set Queenslander provides you the options of a family home, a rental investment property or a blue chip unit development opportunity.
The main entry area is a combined lounge/dining, with polished timber floors and tongue and groove walls. A modern, open plan kitchen with granite bench tops boasts ample cupboard space, stainless steel cooking appliances and range-hood. The adjacent sunken living area opens out to the rear back patio and yard.
Other features of the property include:
*fully air-conditioned, security screened and fenced
*front and rear patios
*low maintenance gardens on 769m2 block
*remote front gate and roller door
Zoned Residential 3 and suited to a multi-unit development, the site sits within walking distance to shops, public transport and strip commercial. Initial Development investigations (Subject to Formal Development Application) reveal the site has the capacity to accommodate 8 units and the site’s potential places itself well above the rest regarding long term return on investment.
Currently returning over $400 per week rent, this represents a wonderful chance to obtain an already high returning site with the potential to cash in on the future growth of Cairns in the much sought-after inner suburbs. A current lease is in place until February 2019.
The Sellers are very motivated and priced at $389,000 this window of opportunity is sure not to last!