307 Severin Street,
Parramatta Park, QLD 4870
Hotel, Motel & Leisure • Development Sites & Land • Other
Price information
Sale
Offer Over $1,499,000
Key property information
Land area
Floor area
Car spaces
Tenure type
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Map of 307 Severin Street
Train stations within 5 km of 307 Severin Street, Parramatta Park, QLD 4870 Distance Cairns 1.1 km Portsmith Station 2.7 km POWERED BY HERE ©Bus stops within 5 km of 307 Severin Street, Parramatta Park, QLD 4870 Distance Mulgrave Rd at Parramatta Pk State School 456 m Mulgrave Rd 569 m Newton St at Cairns Tafe 587 m Martyn St Near Grove St 669 m Mulgrave Rd Near Collinson St 805 m POWERED BY HERE ©
POWERED BY HERE ©
Fully Approved Share House | Generating $180,000+ PA
Unlock the potential of exceptional cash flow with this versatile investment - spanning across 2 x two-storey buildings, this 17-bedroom share house is strategically designed to maximize liveability, ensuring strong room rates and high occupancy levels. Experience the lucrative world of property investment like never before.
Key Highlights:
Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest.
17 Bedrooms: Each building is thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.
Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 12 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 annually.
Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.
No Capital Expenditure Required: This property is fully operational and well-maintained. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.
Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.
This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.
Get in touch with us today to receive a comprehensive information memorandum and seize this exceptional cash flow generator to safeguard your financial future!
Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Key Highlights:
Prime Location: Nestled on the outskirts of Cairns CBD, this property provides convenient access for prospective tenants to nearby businesses, universities, and the hospital. Perfectly positioned, it appeals to university students, hospitality workers, and hospital staff, ensuring broad tenant interest.
17 Bedrooms: Each building is thoughtfully designed to maximize occupancy and floor space, resulting in exceptional high rental yields.
Ample Amenities: Unique among share houses, this property offers amenities on all levels with the buildings boasting 12 bathrooms and multiple laundries, enhancing tenant satisfaction and attracting a steady stream of renters.
Cash Flow Machine: With 17 rental rooms, this property generates upwards of $200,000 annually.
Strong Tenant Demand: The combination of location, amenities, flexible lease terms and affordable accommodation results in consistently high occupancy rates.
No Capital Expenditure Required: This property is fully operational and well-maintained. The front building (original structure) has been recently updated, including a new roof installation, ensuring no unexpected costs for the discerning buyer.
Parking: Ample kerbside parking space with an additional 2-bay garage with a large lean-to for additional high clearance storage.
This share house is a savvy investment choice for those seeking a reliable and lucrative income stream. Don't miss the opportunity to capitalize on the strong demand for shared housing in a tightly held region.
Get in touch with us today to receive a comprehensive information memorandum and seize this exceptional cash flow generator to safeguard your financial future!
Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Additional information
External websites
Property ID: 504557792Last Updated: 15 Apr 2024
Ray White - Cairns
37 Grafton StreetCAIRNS CITY, QLD 4870
307 Severin Street
Parramatta Park, QLD 4870
Ray White - Cairns37 Grafton Street
CAIRNS CITY, QLD 4870
CAIRNS CITY, QLD 4870
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