8/2 Mayers Street, Manunda, QLD 4870

Price: Around $135,000

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Open: Saturday, 23 Feb 2019  10:00 am - 11:00 am

Desirable Entry Level Unit For Quick Sale

The Phone Code for this property is: 57884. Please quote this number when phoning or texting.

Enjoy a Balanced lifestyle in this newly renovated 2 bedroom unit that has been modernized with tiles throughout, freshly painted walls, updated ceiling fans and switches, Split system air-conditioner, new security screens and doors fitted along with a new oven for the kitchen.

Nestled on the sought after third floor within this small complex, the elevated vantage point gives you access to views of Copperlode Dam and the Barron River Gorge and also allows for uninterrupted breeze to flow through from the balcony. The apartment complex features manicured gardens, sparkling pool and private undercover parking space all of which is conveniently maintained by the Body Corporate.

Ideally situated close to all amenities with Raintrees Shopping center located directly opposite featuring a doctors office, pharmacist, Woolworth's supermarket, Local library, Australia Post and so much more. You have access to both Private and Public schools with St Francis Xavier's and Cairns West State School both located within a minutes walk from the complex.

Due to its central location this apartment is 5mins drive from the CBD and has easy access to Public transport. JCU University is a located 15mins north of Manunda if travelling by car or 45mins if traveling by public transport making this a great investment opportunity if you plan on renting to international students. This property is also very easy to maintain with Tiles throughout and masonry brick walls making it a great AirBnB opportunity if you plan to take advantage of the properties central location.

For those that plan on investing, this unit has had a recent Rental Valuation completed on 10/11/2018 commanding $250p/w before recent improvements. Rental demand has always been very strong in this area and due to its location within the complex it has always been rented very easily. It has been rented with an agent and privately a number of times through out my 11 years of ownership with strong rental yield and return.

This unit represents the perfect entry level opportunity for a young professional, young couple with children, retirees looking to downsize and Investors. Get in quick as this unit is priced to sell and the studious buyer is sure to take advantage of this great opportunity.

Ownership Costs:
Body Corporate: $3200 Per Year which covers the following and more;
- Building Insurance coverage
- Property Maintenance
- 7 Day Rubbish Collection
- Building Improvements/Fencing/Painting
Council Rates: $2200 Per Year

Investment return:
Gross Rental Yield
Annual Rent: $13,000
Property Value: $135,000
Gross Rental Yield: 9.6%

Disclaimer:

For Sale By Owner (www.forsalebyowner.com.au) is a national service for home owners who are looking to sell or rent out their own homes without paying any real estate commission. Whilst every care has been taken to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

Contact the Owner

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View Original Listing: For Sale By Owner