30/164-172 Spence Street, Bungalow, QLD, 4870, Australia

What a great investment!!
Currently managed and selling by the On-Site manager of the complex.
This amazing 2 bedroom unit is in excellent condition, is 19 years old and has had the SAME brilliant tenants, a couple, in there for 19 years as well, they love it here and want to continue on with their tenancy.
Located on the First floor up at the back in a quiet area of the secure and well-maintained and very popular 'Focus On Spence' apartment complex, is this two-bedroom, two-bathroom apartment.
Perfectly situated for easy access to all that Cairns has to offer, this apartment is ideal for those seeking low-maintenance, inner-city living or a fantastic investment opportunity!

Located within walking distance of the city, this property is also within walking distance to both primary and secondary schools, Showgrounds Shopping Centre, Cairns Central Shopping Centre, sporting facilities and just minutes away from the Cairns Esplanade.

- Right next door to the developing Barlow Park Precinct, watch this area boom in price in coming years
- Secure, gated complex with CCTV and with onsite management to keep the place immaculate and look after your investment
- Plenty of street parking as well as your 1 allocated undercover park
- Two good sized bedrooms with built-in robes, master bedroom with ensuite
- Large kitchen with plenty of bench and cupboard space
- Spacious open plan living and dining with split system air conditioning, opening to the balcony
- Main bathroom has the shower over a bath
- A huge balcony with a built-in daybed with underneath storage, bi-fold shutters, and louvres
- Laundry area inside the unit
- One allocated undercover car park with plenty of street parking for a second vehicle
- Swimming pool with BBQ area and immaculate gardens
- Onsite management to look after the complex 24/7

- Body Corporate Fees: approximately $1621/quarter
- Council Rates: approximately $2,900 p/a

Currently leased until: 9th December 2025
Current rent :- $450 PW

****NOTE: All internal unit pictures are of a similar unit and not this exact unit due to tenant belongings. But pictures are almost identical to the unit for sale as just about all units in the complex are the same.

***Inspection by appointment only.

Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Onsite Property Pty Ltd and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Onsite Property Pty Ltd , its principal's, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.