65 Ishmael Road
Earlville, QLD 4870

Overview

Turnkey Investment - Multiple Incomes - One Title

65 Ishmael Road represents a rare and valuable opportunity to acquire a fully leased block of units, offering immediate cash flow and promising long-term investment potential. This property is a solid income-producing asset, ideally suited for investors seeking to expand their portfolio with a proven, high-performing complex.

Situated on a generous 959 square meter allotment, the property comprises five individual units, all currently tenanted with secure, long-term leases in place. This ensures a consistent and reliable income stream from day one, making it an attractive proposition for astute investors.

Key features of the property include:

• A complete unit complex occupying a 959 square meter block.
• Full occupancy with long-term tenants secured under lease agreements.
• Four one-bedroom, one-bathroom units providing comfortable living spaces.
• One two-bedroom, one-bathroom unit offering additional accommodation options.
• Strong rental returns supported by a dependable income stream.
• Absence of body corporate fees, which maximizes net rental income.
• Potential for future development, subject to council approval (STCA).

The current rental income is distributed as follows:

• Unit 1 generates $375 per week, leased until February 2027.
• Unit 2 generates $360 per week, leased until October 2026.
• Unit 3 generates $360 per week, leased until March 2027.
• Unit 4 generates $360 per week, leased until February 2027.
• Unit 5 generates $340 per week, leased until April 2027.

Conveniently located within walking distance to Stockland Shopping Centre, Barr Street Markets, and public transport options, the property offers excellent accessibility for tenants. Nearby amenities include local schools, medical facilities, and recreational areas, while the Cairns CBD and Esplanade are a short drive away, ensuring sustained demand and strong rental appeal.

This investment opportunity is strategically positioned in a tightly held market, offering both immediate returns and future growth potential. It is an ideal acquisition for investors seeking a turnkey asset with multiple income streams under one title.

Prospective purchasers are encouraged to conduct their own enquiries to verify all information provided. The property is being sold by auction or without a disclosed price, and no price guide is available at this time.

Location