169 Grafton Street, Cairns City QLD 4870

Sold $1,480,000

Sold
  • 12 Bed
  • 8 Bath
  • 10 Car
  • 1,011 sqm (approx) Land Area

SOLD BY SUE ANDERSON

This substantial building in a highly sought after location would make a worthwhile addition to your property portfolio . Offering the astute buyer a rare opportunity to buy and hold an income producing property with great future potential. This sizeable block and tile building is on a prime site located within the city fringe and is less than 500m from Cairns Esplanade. All units are currently rented out on permanent tenancies and are returning $2,115 per week. Within easy access of Cairns high school, Cairns medical precinct and the tourist accommodation strip the property is ideally positioned to appeal to a multitude of income streams. The well-proportioned building to land ratio enables ease of access with 10 car parking spaces, refuse area and Gardens. Both the 1 & 2 bedroom units are spacious with plenty of storage, high ceilings and natural light.

- 1,011 SQM BLOCK. APPROX 656 SQM UNDER ROOF

- FREEHOLD - 4 x 2 BED 1 BATH & 4 X 1 BED 1 BATH

- ZONED TOURIST & ACCOMMODATION

- CURRENTLY TENANTED ON STRONG LEASES, INCOME EARNING $2,115 PER WEEK

- LESS THAN 500M TO CAIRNS ESPLANADE

- CLOSE TO ALL MEDICAL FACILITIES, CAIRNS HIGH SCHOOL, ST MONICAS CATHEDRAL, WALK TO CAIRNS CBD

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This property is proudly listed by:

First National Real Estate Cairns Central Suite 1, 155 Mulgrave Road
Cairns QLD 4870

Open for Inspection

By Appointment

Additional information

Property Type Block of Units
Property ID 11117100596
Sold Price $1,480,000
Land Area 1,011 sqm (approx)