Each of the six townhouses that comprise 215 McCoramck Street are to put it simply huge ! The block is 2,203 m 2 in area , with a portion of at least 450 m2 at the rear of the block that can be developed in the future ( subject to Cairns Regional Council approval ). The property is currently zoned low-medium density with Cairns Regional Council. Each townhouse has an allocated courtyard and an allocated carport accommodation. Also internal laundries are in place along with storage units / area. Previously self managed all townhouses have leases in place between 26 April 2024 through to 6 June 2024. Up to date rental appraisals are to hand revealing $350 per week for each of the two 1 bedroom townhouses and $410 per week for each of the 2 bedroom townhouses. Total projected income of $2,340 per week. The staircase in each of them emphasizes the attention to detail and all bedrooms are big in size, with toilets downstairs and upstairs . 215 McCormack is perfect for the professional investor who can review the rental income in April to June 2024, BUT also add value in the future with the 450 m2 parcel at the rear of the block. The options are endless; 1. Landbank for the future with the 450 m2 portion yet to be developed. ( subject to Cairns Regional Council approval ) . 2. Move in eventually to one of the townhouses and live off the income from the other 5 townhouses.. 3. Build another property on the 450 m2 portion as a owner residence ( subject to Cairns Regional Council approval ) and receive income from the 6 townhouses. 4. Build further units / townhouses on the rear 450 m2 portion – subject to Cairns Regional Council approval. HUGE BLOCK , HUGE TOWNHOUSES AND HUGE POTENTIAL ! For further information including a detailed buyer’s prospectus , or to arrange an inspection contact agent today !