This is a unit situated in Redlynch QLD. It has an approximate value of $400,000. The local government is Cairns Regional, featuring 3 bedrooms, 1 bathroom.
Village Location + Dual Occupancy - Rental Return 7-8%P.A. The asking price has been adjusted for an immediate sale!This property has the perfect location in Redlynch Village public transport, shopping, daycare and the Red Beret hotel are right at your door! The current rental return is $650 per week.The two storey building has two spacious flats. Both have three bedrooms, large kitchen, separate living & dining rooms, bathroom and outdoor patio/balcony.Features include:- Built-in wardrobes to all bedrooms- New verandah & balcony to both flats- New air conditioners throughout (one exception)- New wired smoke alarms- Complete exterior and roof repainted- Downstairs rented for $320 per week until 06/12/2019- Upstairs rented for $300 per week until 12/12/2019- Large shed rented for $30 per week- Fenced 701m2 land (two lots, Zoned multi-unit dwelling)This property has potential for extended families, live in one flat & rent the other flat, or Air BnB.The current rental investment return of 7-8% gross per annum sure beats bank interest returns!This property is within a five minute drive to local schools, shopping centre and sporting facilities. It is also an easy 15-20 minute drive to Cairns CBD & International Airport.The Cairns Regional Council is currently undertaking a massive $2.5M upgrade to the immediate area of Redlynch Village. This major transformation will dramatically improve the immediate streetscape. It will also enhance the value of local properties, so you can wisely invest here!The owners have just adjusted the asking price - this property is excellent value - make an offer today!Call David Jeffries 0419 757 597 or Sheree Bennett 0435 449 469 for more information or to arrange an inspection!