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45-51 Martyn Street, Parramatta Park, Qld 4870 Sold
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45-51 Martyn Street, Parramatta Park, Qld 4870

Expressions Of Interest from $2M

Block Of Units
Type
12
Bedrooms
6
Bathrooms
6
Parkings
1,012 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 45-51 Martyn Street, Parramatta Park, Qld 4870)

Expressions Of Interest from $2M

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare opportunity to acquire a solidly constructed, fully tenanted six-unit complex on a large inner-city landholding in Cairns, offering strong income and future renovation potential.

🏡 Property Highlights

  • Entire complex of 6 spacious apartments on one title with no body corporate fees
  • Large 1,012sqm inner-city landholding in a prime Cairns location
  • Solid Italian-built construction with brick and block externals
  • Excellent rental income stream of $128,440 per annum
  • Walking distance to Cairns Central Shopping Centre and Cairns Esplanade
  • Opportunity to renovate and increase rental returns over time

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Waterfront / Views
  • Pet-Friendly

Cairns is a vibrant tropical city renowned for its strong rental demand, excellent amenities, and proximity to natural attractions. The suburb offers a mix of modern and historic properties, with a thriving local economy driven by tourism, retail, and services. Its walkable CBD provides easy access to shopping, dining, and transport, making it highly attractive for tenants and investors alike. The area’s consistent growth and limited vacancy rates make it a prime location for long-term property investment.

What is the current condition of the apartments and potential for renovation?
One apartment has been fully renovated, while the others are in original or partially updated condition, offering opportunities for further modernization to increase rental returns.
What are the zoning and planning restrictions for this property?
The property is held on a single title with no specific zoning restrictions mentioned; however, prospective buyers should verify local council regulations for any future development or renovation plans.
Is there any existing management or strata arrangement?
There are no body corporate fees as the entire complex is held on a single title, simplifying management and ownership.
Are there any known issues or defects with the property?
The property is solidly constructed with Italian-built double brick/block materials; however, prospective buyers should conduct their own inspections to verify condition and identify any potential issues.
What are the nearby amenities and transport options?
The property is approximately 750m from Cairns Central Shopping Centre and about 1km from the Cairns Esplanade, with excellent walkability to retail, dining, employment, and transport options.
Are there any existing or planned developments nearby that could affect the property's value or appeal? What are the total ongoing costs, including council rates and maintenance, for this complex? Has the property been tested for any structural issues or pest infestations? Are there any easements, covenants, or zoning restrictions that could limit future use or development? Is there any history of flooding or bushfire risk in this area that could impact the property? Are there any existing or upcoming construction projects in the vicinity that could cause noise or disruption? What are the terms of the current rental agreements, and when are they due for renewal? Are there any restrictions or conditions associated with the property's title or land use? What are the potential costs involved in renovating or upgrading the units? Is there any history of disputes or issues with tenants or neighbours in the complex?

45-51 Martyn Street, Parramatta Park, Qld 4870 - More Details

Expressions Of Interest from $2M

Type
Block Of Units
Bedrooms
12
Bathrooms
6
Parkings
6
Area
1,012 m²

45-51 Martyn Street, Parramatta Park, Qld 4870 - Point Of Interest

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