Sold for $1,000,000
Sold for $1,000,000584 Bruce Highway, Woree QLD 4868
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Property was sold on 7 July 2023.
Sold on 7 July 2023.
8 beds
4 baths
4 cars
Block of Units
8
4
4
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Block of Units
Property Features
584 Bruce Highway is an investor’s dream. There are four x two bedroom & one bathroom units, which have been meticulously maintained by their owner. All four apartments have always been occupied, have long term tenants in place & will return an attractive 7% approx. They are positioned in a secure gated community within walking distance to Stockland Shopping Centre & public transport on your doorstep. With low building insurance & NO BODY CORP FEES, you will reap the rewards on investment. Each property benefits from..... - Open plan living kitchen & dining area - Air conditioning throughout - Two bedrooms with built-in robes - Fully tiled throughout - Bathroom with shower - Separate Toilet - Separate laundry - Front Entertaining area & smaller back Patio - Gated complex - Maintained Landscaping and gardens - Undercover parking - Great returns 7% approx. - Cairns’ Critically low vacancy rates All four apartments are in the process of a rent review to $345/w which will make the annual return $71,760