• 26 Mahogany Street, Manoora
  • 26 Mahogany Street, Manoora
  • 800 Square metresArea
  • 8Bedrooms
  • 4Bathrooms
  • 5Garages
Full Quadplex with No Body Corporate

DISTINCT

An Investment Memorandum is Available, Enquire Today!

This High Yielding Investment Opportunity is perfectly pitched only minutes from the Cairns CBD, Schools, Parklands, and Shopping Centres. Currently producing a return of over 6.5% to the current owner, this property is ripe for the picking for the savvy Investor.

Nothing needs to be done, this property has been newly renovated and presents beautifully presented.

Current Income at $67,080 / year with the potential to lift to over $74,000 at the next Lease Renewal.

THE FACTS
- Located just 4kms to the Cairns CBD on a Fully Fenced 800m2
- This well maintained Quadplex is on a Single Title and boasts No Body Corporate
- Comprising of a Fully Detached Three Bedroom Villa, and later Three Side by side Double Storey Townhouses
- All Units are currently Tenanted on Fixed Term Agreements
- BONUS – One Townhouse is Vacating in June 2022 allowing for Owner Occupy
- Allocated Car Parking for Each Unit

Investment Breakdown:
Unit 1 - 3 Bedroom Villa - $360 / week
Unit 2 - 2 Bedroom Townhouse - $370 / week
Unit 3 – 1 Bedroom Townhouse - $240 / week
Unit 4 – 2 Bedroom Townhouse - $320 / week

  • Air Conditioning
  • Fully Fenced
  • Outdoor Entertainment Area
  • Broadband Internet Available
  • Built-in Wardrobes
David Galloway-Penney
David Galloway-Penney