10 Trinity Street, Parramatta Park QLD 4870

This inner-city investment property at 10 Trinity Street, Parramatta Park presents an exceptional opportunity for astute investors seeking a high-yield return in a prime location. Situated on a fully fenced 405 m2 block with mixed Commercial/Residential zoning, it offers both immediate income and future development potential, subject to council approval.

Currently configured as an established share house, the property encompasses nine furnished individual rental rooms, generating a strong gross income exceeding $100,000 per annum, amounting to an approximate yield of over 9%. This income stream is reinforced by historically full occupancy, demonstrating robust demand for centrally located, affordable accommodation in Cairns.

The property’s layout is thoughtfully designed over two levels, each featuring kitchens, bathrooms, and communal living areas to support tenant comfort and facilitate shared living arrangements. Notably, the downstairs accommodation meets legal height standards and possesses windows in all rooms, contributing to a safe and compliant living environment. The inclusion of a class 1a fire alarm system with interconnected alarms and certification ensures compliance and tenant safety.

Additional appealing features include separate front and rear access to both floors, solar power installation that helps reduce utility costs, and ample parking with a double carport and extensive off-street parking options. Its strategic position just 350 meters from Cairns Central and within walking distance to the CBD, shops, restaurants, public transport, and CQ University enhances its attractiveness to tenants.

This opportunity is ideally suited to investors looking to acquire a turnkey income-producing asset with a history of reliable returns and minimal management complexity. Furthermore, the mixed zoning provides an added dimension of versatility, allowing for consideration of future redevelopment to maximize potential capital growth.

• Nine self-contained rental rooms fully furnished and fully tenanted
• Approximate annual gross rental income of $100,000+
• Prime inner-city location with proximity to Cairns Central and key amenities
• Two-level layout with kitchens and communal living spaces on each floor
• Compliant with fire safety regulations and legal accommodation standards
• Solar power system offsetting running costs
• Fully fenced, low-maintenance block with ample parking
• Mixed Commercial/Residential zoning allowing future development (STCA)

In summary, 10 Trinity Street represents a distinctive blend of income security, convenient location, and potential for future value enhancement, making it an attractive proposition for investors aiming to expand their portfolio or secure a high-yielding property in Cairns.