77 Mcleod StreetCairns City QLD 4870
Property Details for 77 Mcleod St, Cairns City
Last Listing description (April 2023)
Inner City Opportunity - $3,600 p/w Potential Returns!
Located in the heart of Cairns City is this rare opportunity that boasts so much potential. Prepare to get excited as we explore the possibilities.
Firstly, this property consists of two large Queenslander style residences on a flat 1,012m2 block, which includes 16 bedrooms and 6 bathrooms between them. With both homes recently undergone renovations and upgrades, they are currently both fully fit for maximum occupants. With NEW bathrooms and an industrial share kitchen fitted, new air conditioners throughout, fully repainted internally as well as a newly built undercover deck for entertaining, you can be assured of maximum comfort no matter what room you are in.
You could continue to keep the properties as residential dwellings and rent out the rooms as a share house. The current owner has done this at $200 a week per room and has been successful with securing tenants, especially through the recent rental shortage. Thats a whopping $3,200 a week potential! Complete with an inground swimming pool, large industrial kitchen, multiple outdoor relaxation areas, ample car parking, secure fully fenced lot and walking distance to all your local inner-city amenities.
Secondly, we have a developers dream. With the possibility of repurposing the current buildings and creating your very own commercial dwellings for ample business ideas. The possibilities are very open as it is set upon a Mixed Use Zone which allows nearly everything (Pending council approval). This includes childcare centre, education establishment, food and drink outlet, function facility, hotel or motel, offices, shops or short-term accommodation.
Thirdly you could live in one building and rent out the other. Imagine living in a large, inner city family home of your dreams and watching the other property pay for itself in rental income. The potential is all there for you to make it worth your while.
For more information on this exceptionally rare property, please contact Katy Zhou today to arrange your private inspection on 0402 026 077 or katy@gbrproperty.com.au
Property History for 77 Mcleod St, Cairns City, QLD 4870
- 29 Mar 2023Listed for Sale Offers Over $1.59ML
- 27 Oct 2022Listed for Sale $1.8ML
- 19 Nov 2016Sold - Price Undisclosed
Recent sales nearby
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0About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation.In 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.
Cairns City has 3,415 properties. Over the last 5 years, Houses in Cairns City have seen a 66.79% increase in median value, while Units have seen a 74.63% increase. As at 30 June 2026:
- The median value for Houses in Cairns City is $750,251 while the median value for Units is $638,168.
- Units have a median rent of $598.
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