Attention investors- Share House potential net ROI 10% pa approx.

Central City share house on 612m2 corner block within convenient walking distance to Cairns Central Shopping Centre, CBD, Esplanade, amenities and public transport. Potential rental return of 10% net pa with no body corporate fees.<br/> <br/>Fully furnished common areas and bedrooms; bedrooms including bed linen, 2 door fridge/freezer, wardrobes and desks.<br/> <br/>Split system air conditioners in all bedrooms and living areas. <br/>Gas stoves and gas hot water systems.<br/>11.5 kiloWatt Solar system.<br/>New double carport plus lockable shed 6m x 4.1m.<br/> <br/>Council approved up to 15 rooms plus caretakers residence.<br/> <br/>Right annex colonial building:<br/>Upstairs<br/>- 4 bedrooms<br/>- Living & dining<br/>- Kitchen<br/>- 2 showers & 2 toilets<br/>- Laundry<br/> <br/>Downstairs<br/>- Large 5th bedroom caretakers' residence with space to build an ensuite<br/>- Kitchen<br/>- Dining<br/>- TV/Media<br/>- Lounge<br/>- Bathroom/laundry<br/> <br/>Left annex building built 2018:<br/>Upstairs<br/>- 3 ensuite bedrooms<br/>- Kitchen<br/>- Deck-dining/living<br/> <br/>Downstairs<br/>- 5 ensuite bedrooms<br/>- Kitchen<br/> <br/>Figures:<br/>Current rental income $163,572 pa approx. / Potential rental income $193,500 pa approx.<br/>Total expenses $39,345 pa approx. including rates, building insurance, maintenance, utilities etc.<br/>Current Net Return 7.8% pa approx. / Potential Net Return 9.7% pa approx. <br/>Option to live in the Caretakers residence and earn a net income of $124,227 pa approx.<br/> <br/>Contact us for further information and to arrange your private inspection.<br/> <br/>All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.