196 Greenslopes Street, Edge Hill, Qld 4870 - More Details
Auction
Secure a blue-chip 769m² duplex landholding in Cairns' top lifestyle pocket-complete with secure $1,210/wk income stream, an extensive backyard and a massive powered workshop/double-bay garage.
Superbly positioned at 196 Greenslopes Street, Edge Hill this exceptional full duplex represents an elite real estate acquisition on a single title with zero body corporate fees. Offering total spatial independence with separate driveways, independent entry points and completely segregated yards, there is absolutely no shared common property or common land between the units. Meticulously configured to cater equally to smart investors, forward-thinking developers, lifestyle-driven buyers and tradespeople, this rare asset delivers a level of space and structural versatility that is virtually impossible to find in standard duplex living.
For the Investor & Developer: Lock in immediate financial security with rock-solid, long-term tenancies extending well into 2027. This high-performing asset delivers a secure dual-income stream scaling to a massive $1,210 per week. Positioned within a highly desirable Flexible Medium Density Zoning pocket, the underlying land value of this 769m² footprint is heavily protected. The extensive yard space behind Unit 1 and the established powered workshop offer an exceptional canvas to explore future structural value-add reconfigurations (STCA).
For the Owner-Occupier, Tradie & Vehicle Lover: Enjoy the internal space, secure storage and outdoor freedom typically only found with a traditional house, combined with the low-maintenance footprint of a duplex.
Unit 1 features a welcoming entry foyer that opens into a spacious, seamless open-plan living, dining, and kitchen area alongside two oversized bedrooms. The kitchen opens directly onto a massive 21m² covered rear timber deck. This outdoor living area features an integrated laundry zone with built-in cupboards. The deck overlooks your own expansive, exclusive-use backyard of approx. 300m²-offering a rare cleared canvas for future extensions or property additions Subject to Council Approval (STCA). A standout addition is the standalone, double-bay powered workshop/garage, providing the perfect secure setup for multiple vehicles, hobby gear, camper trailers or a dedicated tradesperson's workspace.
Unit 2 Features: An equally impressive, modern open-plan layout featuring a beautifully renovated kitchen, a bright combined living and dining area, two light-filled bedrooms, and a central main bathroom with a separate toilet. Step outside to its own completely private, fully undercover rear patio area and integrated laundry setup-perfect for effortless, low-maintenance living.
Positioned footsteps from the vibrant Edge Hill Village cafés, elite schools, and the iconic Botanic Gardens, this property offers the perfect opportunity to live in one residence while generating a steady rental income from the other.
The Figures & Cash Flow Breakdown:
Unit 1: Securely leased at $630.00 per week until June 2027.
Unit 2: Leased at $550.00 per week, increasing to $580.00 per week on 24 July 2026 through to October 2027.
Total Return: $1,210.00 per week from July 2026.
Council Rates: Approx. $3,449.01 half-yearly.
Body Corporate: $0 (Single Title).
Contact 'The Ray Murphy Team' today to register your interest!
Secure your spot early! Register now for a seamless bidding experience at our upcoming auction: https://auctionslive.com/app/bidder-registration/2m08D
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.
- Type
- Duplex Semi-detached
- Bedrooms
- 4
- Bathrooms
- 2
- Parkings
- 4
- Area
- 769 m²
