High Yield Queenslander on 353m² Close to Cairns CBD with Strong Holding Income and Future Potential

For Sale

16 Nelson St, Bungalow, QLD, 4870

High Yield Queenslander on 353m² Close to Cairns CBD with Strong Holding Income and Future Potential

House

Type

Bedrooms

Bathrooms

Parkings

Published on Tuesday, April 07, 2026 ( See property details for 16 Nelson St, Bungalow, QLD, 4870)

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AI Property Insight

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A beautifully renovated Queenslander on a flat city-fringe block offering dual rental income, classic charm, and outstanding future growth potential in Cairns.

🏡 Property Highlights

Timeless Queenslander character with soaring ceilings and tulip oak floors
Excellent city-fringe location close to Cairns CBD
Flexible dual rental income with immediate cash flow
Set on a flat 353m² block with fantastic street appeal
Potential for future capital growth in a sought-after area
Separate metered electricity and individual laundries for each tenancy

✨ Key Features

Open-Plan Living
Built-in Robes
Waterfront / Views
Outdoor Area
Secure Parking
Home Office / Study
Ceiling Fans
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)

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16 Nelson St

Bungalow, QLD 4870

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Suburb and Property Insights of Bungalow, QLD 4870

Bungalow offers a vibrant inner-city lifestyle with close proximity to Cairns CBD, excellent local amenities, and a strong community atmosphere. The suburb features a mix of character homes and modern developments, making it ideal for investors and families alike. Its convenient location provides easy access to schools, parks, and public transport, ensuring a highly walkable and connected living experience. The area is poised for future growth, making it a strategic choice for long-term investment. Enjoy the relaxed tropical climate and the convenience of city living in this highly desirable suburb.

Frequently Asked Questions

What is the condition of the property and its recent renovations?

The property has been beautifully renovated, showcasing classic Queenslander features with modern updates, ensuring a high standard of condition and appeal.

Is the lower level legally approved as a separate dwelling?

No, the lower level is not approved as a separate dwelling and is not of legal height, but it provides additional utility space and rental income.

What are the rental yields and lease terms for each tenancy?

The upstairs tenancy rents for $570 per week with a lease ending on 13/04/2027, while the downstairs tenancy also rents for $570 per week with a lease ending on 25/08/2026.

What future development or growth potential does the area offer?

The property is located in a growth corridor close to Cairns CBD, with strong potential for capital appreciation and future development opportunities.

Are there any additional costs or fees associated with the property?

Water is supplied via a single meter and paid by the landlord; electricity is separately metered for each tenancy, and building and pest inspections are available upon request.

What to ask about this property to agent?

Are there any upcoming planning or development applications in the area that could affect the property's value or character? What are the zoning restrictions and potential for future extensions or modifications? Are there any known issues with the property's foundation, plumbing, or electrical systems? Is there any history of flooding or bushfire risk in this location? Are there any strata or body corporate fees applicable if the property is part of a larger development?

16 Nelson St, Bungalow, QLD, 4870 - More Details

High Yield Queenslander on 353m² Close to Cairns CBD with Strong Holding Income and Future Potential

Possessing timeless character and charm, this beautifully renovated highset Queenslander showcases classic features including soaring ceilings, casement windows, and stunning tulip oak floors, all complemented by fantastic street appeal. Set on a flat 353m² block, and perfectly positioned close to the Cairns CBD, this property delivers an exceptional balance of lifestyle and investment in a sensational city-fringe location with exciting future potential. From an investment perspective, the home offers a strong holding income, currently returning $1,125 per week, with a flexible layout that is presently configured to provide two separate rental returns, delivering immediate cash flow and long-term upside. The lower level offers additional utility space and is currently tenanted; however, please note this area is not legal height and is not approved as a separate dwelling. The property features separately metered electricity, individual laundries for each tenancy, and separate car accommodation allocated to each. Water is supplied via a single meter and is currently paid by the landlord. Tenancy 1 - Upstairs • 3 Bedrooms | 1 Bathroom • Rent: $570 • Lease end: 13/04/2027 Tenancy 2 - Downstairs (non-approved / not legal height) • 3 rooms + bathroom • Rent: $570 per week • Lease end: 25/08/2026 Opportunities like this are increasingly rare - a character-filled Queenslander on a generous inner-city block, delivering exceptional holding income and outstanding future potential just minutes from the Cairns CBD. Whether you're seeking a high-yielding investment or a strategic landholding in a growth location, this is a property that truly stands out. Additional Information: • Building and Pest Inspection available upon request • Video walkthrough available via WhatsApp • Open Homes every Saturday until SOLD • Private Inspections are welcomed. A minimum of 48hrs notice is required due to the tenancies in place In-Room Auction When: Tuesday, 28th April 2026 Where: Bluewater Bar & Gril - White House Room Time: From 5:30pm

Type: House
Bedrooms: 6
Bathrooms: 2
Parkings: 2

Map & nearby places — 16 Nelson St, Bungalow, QLD, 4870

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16 Nelson St, Bungalow, QLD, 4870

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