This low maintenance investment property is ideal for investors looking for a return with limited upkeep. Professionally managed by Weipa Real Estate, this property consists of eight individual homes, situated on over half an acre, close to the town of Weipa.
Weipa is a mining town located approximately 650 km north of Cairns. The population is made up largely of mining employees and their families, government workers and support people for its bauxite and kaolin operations. Weipa has the largest bauxite deposit in the world. Fishing enthusiasts flock to Weipa because of its terrific coastal location and abundant marine life.
Amenities consist of hospital, dentist, private medical centre and pharmacy, supermarket, post office, newsagency, speciality shops, bakery, butcher, cafe and 4WD and fishing tackle supply stores. There is also a Centrelink office located at the shopping centre. The town's two service stations also have a selection of fresh fruit and vegetables, ice and grocery items.
Demand for rental properties in the area remains strong due to the limited supply.
$258,000 income per annum plus GST 8 residential units 2,623 sqm allotment Leased to 2021
Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 30 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.
No open inspections scheduled.
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Contact Matt Carless to learn more about this property, request an inspection or take an online tour.
Property Type:Other Commercial
Block Size:2623 m²*
*These are approximate values based on available information.
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