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Ray White - Cairns

307 Severin Street Parramatta Park, QLD 4870

Directions

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

Private inspections

to arrange a private inspection.

Map of 307 Severin Street

Directions
  • Train stations within 5 km of 307 Severin Street, Parramatta Park, QLD 4870Distance
    Cairns1.1 km
    Portsmith Station2.7 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 307 Severin Street, Parramatta Park, QLD 4870Distance
    Mulgrave Rd at Parramatta Pk State School456 m
    Mulgrave Rd569 m
    Newton St at Cairns Tafe587 m
    Martyn St Near Grove St669 m
    Mulgrave Rd Near Collinson St805 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.

Additional information

Property ID: 504557792Last Updated: 15 Apr 2024

Ray White - Cairns

37 Grafton Street
CAIRNS CITY, QLD 4870
Ray White - Cairns
307 Severin Street
Parramatta Park, QLD 4870
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