Description
2 x2 Brm Duplexes on 720m2.
One title, both duplexes in a quiet street in Woree.
The suburb of Woree is ideal for workers in the city (10 mins) or in the industrial areas of Portsmith, Bungalow and Edmonton. Cairns International Airport is only 18 mins drive.
Walking distance to bus stop, Woree state schools, Earlville shopping center, doctors, pharmacy, IGA, sports venues, parks and rainforest walks.
No close rear neighbors with the property backing onto the cane tram tracks which is used seasonally by quiet slow moving trams a couple of times per day from June to December.
The construction is masonry block, virtually maintenance free and basic.
The rear unit was refurbished 4 years ago and the bedrooms also recently being fitted with new air-con units. The front unit is due for refurbishment (floors, kitchen and a fresh coat of painting) which would also give the potential for a significant rental income.
Both units' tenants are managed privately, and are long term, respectful, quiet and reliable.
Total rent at present (which is well overdue for an increase) is $490/week.
There is reasonable potential to increase this to $600/week or more with some refurbishment especially for the tradesman or regular home renovator investor.
The high demand for local rentals is driving down the already low vacancy rates and driving up the value of houses and investment properties in North Qld.
The Cairns economy is also picking up extremely well in the last 2 quarters so this is an ideal time to buy.
This a reluctant sale due to changed personal circumstances.
P.S. Due to an influx of interest in such a short of time of listing, taking all offers till 26/04/2021
All written contractual offers will be considered first, and preference will be given to unconditional/cash offers.
One title, both duplexes in a quiet street in Woree.
The suburb of Woree is ideal for workers in the city (10 mins) or in the industrial areas of Portsmith, Bungalow and Edmonton. Cairns International Airport is only 18 mins drive.
Walking distance to bus stop, Woree state schools, Earlville shopping center, doctors, pharmacy, IGA, sports venues, parks and rainforest walks.
No close rear neighbors with the property backing onto the cane tram tracks which is used seasonally by quiet slow moving trams a couple of times per day from June to December.
The construction is masonry block, virtually maintenance free and basic.
The rear unit was refurbished 4 years ago and the bedrooms also recently being fitted with new air-con units. The front unit is due for refurbishment (floors, kitchen and a fresh coat of painting) which would also give the potential for a significant rental income.
Both units' tenants are managed privately, and are long term, respectful, quiet and reliable.
Total rent at present (which is well overdue for an increase) is $490/week.
There is reasonable potential to increase this to $600/week or more with some refurbishment especially for the tradesman or regular home renovator investor.
The high demand for local rentals is driving down the already low vacancy rates and driving up the value of houses and investment properties in North Qld.
The Cairns economy is also picking up extremely well in the last 2 quarters so this is an ideal time to buy.
This a reluctant sale due to changed personal circumstances.
P.S. Due to an influx of interest in such a short of time of listing, taking all offers till 26/04/2021
All written contractual offers will be considered first, and preference will be given to unconditional/cash offers.