43-45 Joan Street, Bungalow, QLD, 4870, Australia

Offering an impressive approx. 7% ROI, this property is positioned in one of Cairns' fastest-changing suburbs. Bungalow is undergoing strong gentrification, with upgraded homes, new cafés and small businesses lifting the area's appeal. Just 3 minutes to Cairns Central Shopping Centre and the CBD, this location delivers exceptional convenience for tenants and investors alike. Zoned Low Impact Industry, it also provides future flexibility and long-term upside (STCA).

An exceptional opportunity for investors, business owners, and owner-occupiers seeking multiple income streams, serious storage capacity, and unmatched versatility. With two separate lots, multiple dwellings, and large high-clearance sheds with an office, this is a rare chance to secure strong returns and valuable future potential in a high-demand pocket.

Perfect for:
✔ Investors chasing high yield & multi-income security
✔ Business owners needing sheds + office + storage
✔ Owner-occupiers wanting to live in one dwelling while the others pay the mortgage
✔ Land-bankers wanting long-term upside with two lots & multiple structures

THE PACKAGE
No. 43 – Highset House With Dual Living

(Not registered as dual occupancy)

Upstairs – 43A
• 3 bedrooms, 1 bathroom
• Renovated with polished timber floors
• Air-conditioned
• Separate electricity meter
• Fixed lease to 11/07/2026 at $520/week

Downstairs – 43B
• 3 bedrooms, 1 bathroom, 2-car tandem lock-up garage
• Renovated & air-conditioned
• Separate electricity meter
• Fixed lease to 10/08/2026 at $490/week
(Not approved as dual occupancy – buyers to conduct their own due diligence)

No. 45 – Lowset Home

• 3 bedrooms, 1 bathroom
• Air-conditioned, polished timber floors
• Electricity meter + 3-phase power
• Fixed lease to 28/01/2026 at $510/week

THE SHEDS – A Rare Find

• Approx. 8.7m x 33m
• Parking for seven vehicles
• Dedicated office
• Two electricity meters
• 3-phase power
• Ideal for trades, storage, equipment, or running a business
• Periodic lease at $309/week

INCOME SNAPSHOT

43A: $520/week
43B: $490/week
45: $510/week
Sheds: $309/week

Total Weekly Income: $1,829
Total Annual Income: approx. $95,108

RATES

No. 43: approx. $3,500/year
No. 45: approx. $4,000/year

WHY INVESTORS LOVE THIS PROPERTY

• Four income streams across two titles
• Highly rentable, central location
• Strong holding income while land-banking
• Ideal for business owners wanting storage + passive income
• Live in one dwelling and enjoy high yield from day one

IMPORTANT

• No. 43 is not registered as dual occupancy with Council
• Buyers must conduct their own due diligence

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.