Proudly offered to the market by 'The Ray Murphy Team', this ground floor apartment is positioned within a well-established complex of just 13 residences and presents a high-yield, set-and-forget investment with a secure lease already in place. With low body corporate fees and immediate rental income from day one, this property will appeal to investors seeking a low-maintenance addition to their portfolio. The apartment offers a practical, easy-care layout featuring an open plan kitchen and living area, two bedrooms, and a functional bathroom incorporating a combined laundry and separate toilet. A single undercover carport provides secure off-street parking, while access to the complex swimming pool enhances ongoing tenant appeal. Investment Highlights: • Ground floor, fully furnished apartment • Open plan kitchen and living area • Two bedrooms • Bathroom with combined laundry and separate toilet • Single undercover carport • Complex swimming pool • Strong rental return - ideal for yield-focused investors • Small complex of 13 residences The Figures: • Low Body Corporate Fees: $5,460.00 approx. p/a • Council Rates: $3,200.00 approx. p/a • Rental Income: Currently achieving $600.00 per week until July 2026 Situated in the highly convenient suburb of Bungalow, the property is within easy reach of local shops, cafes, public transport, Cairns Central Shopping Centre, the Esplanade and the CBD. With a quality tenant already in place, this is a straightforward, hands-off investment in a consistently high-demand location. Contact 'The Ray Murphy Team' today to register your interest! Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
RealistIQ deal score
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/100
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RealistIQ estimate available
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RealistIQ estimate range: $321,000 - $549,000Wider ranges mean more uncertainty.
RealistIQ estimate$435,000
$321,000$549,000
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