125 Walsh Street, Mareeba, Qld 4880

This is a rare opportunity to secure a renovated 4 unit complex in the centre of Mareeba's CBD! You won't find a better location, and the best part is NO BODY CORPORATE as this complex is all held on a single title. Each unit has two bedrooms, a renovated kitchen and bathroom. The complex is fully fenced, with separate external access to each two bedroom unit. 

This property is currently vacant and will be sold with vacant possession, however has previously been rented to seasonal farm workers under the PALM Scheme. Workers under this scheme pay a weekly rate either per bed or per room, and are often managed by an Approved PALM Scheme Workforce Provider.

- GROSS INCOME $131,500+ PER YEAR! (15% GROSS RETURN!)
- Unit complex on a single title (NO BODY CORPORATE) 
- 4 x 2 bedroom, 1 bathroom units
- Fully renovated brand new kitchens to each unit
- Modern bathrooms 
- Large master bedrooms 
- Timber flooring to upstairs units
- Tiled flooring throughout to ground level units
- Council approved & PALM Scheme Approved for worker's accommodation
- Zoned Medium Density Residential under Mareeba Shire Council
- NOT affected by flood hazard mapping
- Rates are $6,315 half yearly (approx)
- Insurance $4,890 annually (approx)
- Based on current 'permanent rental' market, a weekly rental of $380 per week each unit (as is)- $400 per week (air-conditioned) could be achievable. 

This complex is sure to be sold fast to a savvy investor! Contact EXCLUSIVE Agent Katrina Kazim, Explore Property today on 0400 710 639 to arrange a private inspection and to obtain financial information!