Why is this 2 bedroom top floor fully furnished apartment in a resort hotel SOO CHEAP?? read on to find out why.
Cairns is almost set to boom like the southern states, grab a bargain while you can. Tourism is only increasing.
Tradewinds McLeod Holiday Apartments offers 2 bedroom Fully Furnished Holiday apartments for tourists either locally or from anywhere in the world to come and stay while they visit the region.
This Apartment is Managed by the On-Site manager, is currently permanently occupied and well looked after is ready to start earning you income.
This apartment is a blank slate, ready to be refurbished to start earning some serious cash.
Currently in its original condition from when it was built at present. The onsite manager can do this full refurbishment at very competitive rates and do a proper job so the apartment is ready for holiday letting and a substantial increase in rental returns.
Currently the hotel is running a yearly average of around 76% occupancy and has room to increase and is doing so at around 5-10% per year as is the rental income going to owners. Do the sums, you cant go wrong.
A Brand new website has just been commissioned and proving to be a great asset for the hotel.
Call for more information or an appointment to view or just drop into reception.
Body corp. fees approx. $86 p/w
Council rates and water approx. $46 p/w
Rented now at $250/week, Rent achievable with holiday letting approximately $470.00 p/w (Increasing approximately 5-10% yearly over last 5 years)
Purchase price $139,000
Gross Yield 8.66 %(permanent) – 15%(holiday let)
On-site maintenance personnel for any maintenance to your apartment, no call out fees
CCTV throughout
Property Description
2 Bedrooms all with built ins and fully furnished
1 Bathroom/Laundry
Balcony with great views
Ceiling fans to all rooms
Open plan living and dining area
Airconditioning to all rooms via new Daikin multi split
Security screens to all windows and balcony doors
Security gate front of complex
Large inground swimming pool great for the kids while on holidays
New BBQ Area
Walk to bus stop, super markets, take-away shops for guests convenience
Great onsite managers to protect and grow your investment
Watch your investment portfolio grow with excellent presentation and management to the Security gated complex complimented by lush landscaping, Walk to shops and transport for holiday guests ease makes this a must, act now.
* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite Property Pty Ltd and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property Pty Ltd , its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.
