16 Nelson Street
Bungalow, QLD 4870

Overview

High Yield Queenslander on 353m² Close to Cairns CBD with Strong Holding Income and Future Potential

This beautifully renovated highset Queenslander exudes timeless character and charm, featuring classic architectural elements such as soaring ceilings, casement windows, and exquisite tulip oak flooring. The property boasts impressive street appeal and is situated on a flat 353 square meter block, ideally located close to the Cairns CBD. This unique home offers an exceptional blend of lifestyle and investment opportunities in a highly sought-after city-fringe location with promising future potential.

From an investment standpoint, the residence currently generates a strong holding income of $1,125 per week. Its flexible layout is configured to provide two separate rental incomes, offering immediate cash flow and long-term growth prospects. The lower level provides additional utility space and is presently tenanted; however, it is important to note that this area does not meet legal height requirements and is not approved as a separate dwelling.

The property is equipped with separately metered electricity, individual laundries for each tenancy, and dedicated car accommodation for each tenant. Water is supplied through a single meter and is currently paid by the landlord.

Tenancy 1, located upstairs, includes three bedrooms and one bathroom, with a rental income of $570 per week and a lease ending on 13 April 2027.

Tenancy 2, situated downstairs, comprises three rooms plus a bathroom. This tenancy is non-approved due to non-compliance with legal height standards. It also generates $570 per week in rent, with a lease expiring on 25 August 2026.

Opportunities to acquire a character-filled Queenslander on a generous inner-city block are increasingly rare. This property delivers exceptional holding income and outstanding future potential, just minutes from the Cairns CBD. Whether you are seeking a high-yielding investment or a strategic landholding in a growth area, this home stands out as a remarkable option.

Additional features and information include:

• Building and pest inspections are available upon request.
• A video walkthrough is accessible via WhatsApp.
• Open homes are held every Saturday until the property is sold.
• Private inspections are welcomed with a minimum of 48 hours' notice due to existing tenancies.

An in-room auction is scheduled for Tuesday, 28th April 2026, at the Bluewater Bar & Grill - White House Room, commencing from 5:30 pm.

Location