4/71-73 Alfred Street

Manunda QLD 4870

Located in a mid sized complex of 24 units, this apartment is on the ground floor. The body corporate is Palmilla CTS 55. The body corporate has recently repainted the exterior of the building, making it clean and fresh looking.

The body corporate is in excellent financial shape. As at September 2018 they had $34900 in the Administration Fund and $84400 in the sinking fund. Giving is a balance of $119,300 for future works.

The current body corporate levies are Administration Fund $1275.41 and Sinking Fund $963.04. The total Body Corporate Levies annually are $2238.45

Council rates plus excess water are approximately $2500 per annum.

The unit itself is approximately 40 square metres internally, plus an allocated carport of 13 square metres in size. It does have a large kitchen and living area to the front of the unit as you walk in. The kitchen is full size with a full cooking facility.

The bedroom is separated out from the living area via the built in robe. It is a good size and can easily have a queen bed plus two bedside tables.

The bathroom is off from the bedroom area and does have the laundry facility within the bathroom.

These apartments are in demand as the vacancy rate is at tight levels of 2% an under in Cairns. The current tenant has just vacated and the rental appraisal is $200 per week. The last tenant was at the apartment for 3 years so this does attract good long term tenants.

This apartment is perfect for a set and forget investment. The owner has priced this correctly for the market call now to arrange an inspection.