15/171-179 Mcleod Street
Cairns North, QLD 4870

Overview

Secure Investment with Long-Term Tenants & Strong Upside

Positioned within a well-maintained complex in the highly sought-after suburb of Cairns North, this townhouse offers an exceptional opportunity for investors looking for immediate rental income combined with strong potential for future capital growth.

The property is currently leased to dependable long-term tenants who have occupied the residence since 2019, providing a stable and secure investment from the outset. The lease agreement is in place until September 2026, with tenants expressing a strong intention to continue their tenancy, ensuring continuity and peace of mind for the new owner.

Currently generating a rental income of $425 per week, the property is performing below the current market value. A recent rental appraisal suggests the potential to increase the rent to approximately $550 to $600 per week, presenting a clear opportunity to enhance rental yield in the near term.

Key investment features include:

• Long-term tenants in residence since 2019
• Lease secured until September 2026 with tenants eager to remain
• Current rental income of $425 per week
• Rental appraisal indicating potential rent between $550 and $600 per week
• Body corporate fees estimated at approximately $4,800 per annum
• Council rates estimated at approximately $3,200 per annum

The townhouse is conveniently located just minutes from the Cairns Central Business District, the expanding hospital precinct, and the scenic Esplanade. This area is known for its high rental demand and continues to attract quality tenants, making it an ideal location for investment.

Interested parties are encouraged to request copies of the Buyers Guide, Property Summary, and Rental Appraisal to assist in their decision-making process.

Whether you are looking to expand your investment portfolio or secure your first property investment, this townhouse offers a low-maintenance option with significant upside potential, ticking all the essential boxes for a smart investment choice.

Disclaimer: All information provided is gathered from various sources and is believed to be accurate; however, no warranty or guarantee is given. Prospective buyers should conduct their own investigations and seek professional advice to verify all details before making any decisions.

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