23/4 Chester Court
Manunda, QLD 4870

This first-floor studio apartment offers a genuine investment opportunity with a clear deadline for contract by 30th June 2025, or the property will be withdrawn from the market. The property does not require settlement by this date, only that it is under contract. If the deadline is not met, the seller intends to retain the asset.

Located within a quiet and well-maintained complex of only 26 apartments, this unit presents an affordable entry point into the Cairns property market, ideal for investors seeking strong cash flow and low-maintenance ownership. The apartment is currently leased on a periodic month-to-month tenancy, providing flexibility for future owner-occupiers, with vacant possession potentially available in approximately two months.

Highlights include:

• Potential 9.3% gross yield
• Affordable entry price
• Periodic tenancy offering flexibility
• Quiet complex of only 26 apartments
• Swimming pool within the complex
• Well-managed body corporate
• Low-maintenance, set and forget investment
• Must be under contract by 30th June or withdrawn

Property features:

• First-floor studio apartment measuring 26 square meters
• Functional kitchenette
• Bathroom with freestanding shower
• Air-conditioning for comfort
• Allocated car park space
• Shared laundry facilities
• Access to a swimming pool within the complex

Financial details:

• Rental appraisal approximately $375 per week
• Body corporate levies approximately $2,200 per annum
• Council rates approximately $1,500 half-yearly

This property is an excellent opportunity for investors looking to add a high-yield asset to their portfolio or for buyers seeking an affordable home with strong income potential. Properties at this price point with such investment appeal are increasingly rare in the market.

Please note that the marketing photographs are representative only and do not depict the exact apartment currently available, as it is tenanted. A minimum of 48 hours' notice is required for inspections or property access. A video walkthrough is available upon request.

Yield disclaimer: Rental income, gross yield, and return on investment figures are estimates based on the asking price and rental appraisal at the time of marketing. Actual returns may vary due to various factors including purchase price, vacancy periods, fees, maintenance, insurance, and other expenses. Prospective purchasers should conduct their own investigations and seek professional advice. No guarantees are made regarding rental returns or future investment performance.