Entire Unit Complex on Quarter Acre - Prime City Edge Investment

For Sale

Twomey Schriber Property Group - CAIRNS CITY

45 Martyn Street, Parramatta Park, QLD, 4870

Entire Unit Complex on Quarter Acre - Prime City Edge Investment

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

Last updated on Monday, March 23, 2026 ( See property details for 45 Martyn Street, Parramatta Park, QLD, 4870)

Expressions Of Interest from $2M

Karl Latham - Real Estate Agent - Twomey Schriber Property Group - CAIRNS CITY

Karl Latham Licensed Real Estatae Agent

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Andrea Rolley - Real Estate Agent - Twomey Schriber Property Group - CAIRNS CITY

Andrea Rolley Buyer Manager

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AI Property Insight

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 complex of six apartments on a large inner-city landholding in Cairns, offering strong income and long-term growth potential.

🏡 Property Highlights

Entire complex of 6 spacious apartments on one title with no body corporate fees
Prime 1,012sqm inner-city landholding in Cairns, just 750m from Cairns Central Shopping Centre
Solid Italian-built construction with double brick/block externals and concrete features
Strong current gross rental income of $128,440 per annum with potential for renovation and increased returns
Excellent long-term land bank opportunity in a highly sought-after city location
Close proximity to Cairns Esplanade and major amenities, ideal for tenants

✨ Key Features

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

Suburb and Property Insights of Parramatta Park, QLD 4870

Cairns is a vibrant tropical city renowned for its strong rental demand, excellent amenities, and scenic waterfront. The suburb offers convenient access to shopping, dining, and transport, making it highly attractive for tenants and investors alike. Its strategic location on the edge of the CBD provides a perfect balance of urban convenience and lifestyle appeal. The area benefits from ongoing development and a stable property market, ensuring long-term growth potential. With a warm climate and a relaxed lifestyle, Cairns continues to be a top choice for both residents and investors seeking high-yield opportunities.

Frequently Asked Questions

What is the current condition of the apartments and potential for renovation?

One apartment has been fully renovated, while the remaining units are in original to partially updated condition, offering opportunities for further modernisation to increase rental returns.

What are the zoning and planning restrictions for this property?

The property is held on a single title with no body corporate fees, and is situated on a large 1,012sqm landholding in a prime inner-city location, suitable for renovation or redevelopment subject to council approvals.

Are there any ongoing strata or body corporate fees?

No, the complex is on a single title with no body corporate fees applicable.

What are the potential risks related to flood or bushfire in this area?

Prospective buyers should conduct their own due diligence regarding flood and bushfire risks, as this information is not specified in the listing.

Is there any upcoming development or planning activity in the vicinity?

Potential buyers should verify with local council regarding future development plans or zoning changes that may impact the property.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses associated with the property? Has the property been inspected for structural issues or pest infestations? Are there any restrictions or easements on the land that could affect future development? What are the specific zoning regulations and potential for redevelopment or subdivision? Is the property located in a flood or bushfire-prone area, and what mitigation measures are in place? Are there any planned infrastructure projects or nearby construction that could impact the property? What are the terms of the current lease agreements, and when are they due for renewal? Are there any existing warranties or guarantees on the renovation work done? What are the council rates and other ongoing costs associated with the property? Is there any history of disputes or issues with neighbours or local authorities?

45 Martyn Street, Parramatta Park, QLD, 4870 - More Details

Entire Unit Complex on Quarter Acre - Prime City Edge Investment

Type: Block Of Units
Bedrooms: 12
Bathrooms: 6
Parkings: 6

45 Martyn Street, Parramatta Park, QLD, 4870 - Point Of Interest

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Your Commute at a Glance: 45 Martyn Street, Parramatta Park, QLD, 4870

Email Enquiry To Twomey Schriber Property Group - CAIRNS CITY

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45 Martyn Street, Parramatta Park, QLD, 4870

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