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15/171-179 Mcleod Street, Cairns North QLD 4870-Image For Sale
15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image 15/171-179 Mcleod Street, Cairns North QLD 4870-Image

15/171-179 Mcleod Street, Cairns North QLD 4870

Secure Investment with Long-Term Tenants & Strong Upside

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings
96.0 m2
Area

Last updated on Thursday, May 28, 2026 ( See property details for 15/171-179 Mcleod Street, Cairns North QLD 4870)

$400,000

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

A well-maintained, low-maintenance two-bedroom unit in Cairns North offering immediate rental income with significant growth potential.

🏡 Property Highlights

  • Long-term tenants in place since 2019 with lease secured until September 2026
  • Current rental income of $425 per week with potential to increase to $550-$600 per week
  • Located in a well-maintained complex in sought-after Cairns North, close to CBD and Esplanade
  • Low-maintenance, high-potential investment opportunity
  • Strong rental demand area attracting quality tenants
  • Affordable body corporate fees of approximately $4,800 annually

✨ Key Features

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

Cairns North is a vibrant suburb renowned for its proximity to the Cairns CBD, expanding hospital precinct, and scenic Esplanade. It offers excellent rental demand, a strong community atmosphere, convenient amenities, and easy access to transport links, making it an ideal location for both tenants and investors seeking growth and lifestyle benefits.

What is the current rental income and potential for future growth?
The property currently generates $425 per week, with a rental appraisal indicating potential to increase to approximately $550-$600 per week, offering significant growth opportunities.
Are the tenants long-term and willing to stay?
Yes, the tenants have been in place since 2019 and have expressed a strong desire to remain, providing stability for the new owner.
What are the ongoing costs associated with the property?
The approximate annual body corporate fees are $4,800, and council rates are around $3,200 per annum.
Is the property suitable for investment purposes?
Absolutely, the property offers immediate rental income, long-term tenants, and potential for rental growth, making it an excellent investment choice.
What amenities and attractions are nearby?
The property is just minutes from Cairns CBD, the expanding hospital precinct, and the Esplanade, providing excellent lifestyle and convenience.
Are there any upcoming or planned body corporate fee increases or special levies? Has the property been inspected for any structural or pest issues? Are there any zoning restrictions or easements affecting the property? Is the property located in a flood or bushfire-prone area? Are there any planned developments or construction projects nearby that could impact the property? What are the terms of the current lease, and are there any conditions or restrictions? Are there any additional costs or fees not disclosed, such as maintenance or management fees? Has the property been recently renovated or updated, and are there any warranties? Is the property compliant with all local council and building regulations? Are there any noise or nuisance issues from neighboring properties or nearby infrastructure?

15/171-179 Mcleod Street, Cairns North QLD 4870 - More Details

Secure Investment with Long-Term Tenants & Strong Upside

Positioned in a well-maintained complex in sought-after Cairns North, this townhouse presents an outstanding opportunity for the savvy investor seeking immediate rental income with significant future growth potential.

Currently tenanted by reliable, long-term occupants since 2019, the property offers stability from day one. The existing lease is secured until September 2026, with tenants expressing a strong desire to remain-providing continuity and peace of mind for the next owner.

Returning $425 per week, the property is currently performing below market value, with a rental appraisal indicating a potential increase to approximately $550-$600 per week. This presents a clear opportunity to enhance yield in the near future.

Key Investment Highlights:
- Long-term tenants in place since 2019
- Lease secured until September 2026 with tenants keen to stay on
- Current rent: $425 per week
- Rental appraisal: $550-$600 per week
-Body corporate fees: approx. $4,800 per annum
- Council rates: approx. $3,200 per annum

Located just minutes from the Cairns CBD, expanding hospital precinct, and Esplanade, this is a high-demand rental area that continues to attract quality tenants.

Enquire to receive a copy of the following documents:
Sellers Disclosure
Buyers Guide
Property Summary
Rental Appraisal
Offer Form

Whether you're expanding your portfolio or securing your first investment, this is a low-maintenance, high-potential property that ticks all the right boxes.

**Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavor to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
Area
96.0m2

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