25-27 Pioneer Street, MANOORA QLD, 4870
BlockOfUnits
  • 12Beds
  • 4Baths
  • 2Cars
Great Income Generating Boarding House
25-27 Pioneer Street is a fully functioning registered boarding house producing a great return-on-investment of close to 12% Gross. 100% compliant with no "if or buts" - all approvals in place!
The masonry block building contains 12 rooms (11 tenant + 1 manager’s quarters), large kitchen, TV room, 6 toilets and bathrooms (4 of each are communal). In the centre is a wonderful covered breezeway which helps keep the entire property cool. The property comes with a fully self-contained manager’s quarters with its own kitchen, bedroom and en suite bathroom. With an on-site manager currently running the boarding house for the owners, this allows the owners the flexibility to live interstate or overseas. The sale will be a “walk in walk out deal” with current owner happy if necessary, to stay on for a 2 week grass period to show the new owner(s) or new onsite manager the relevant protocols and procedures etc.
The new solar power system is a huge saving which has brought the power bill down from $1,200 per month to approximately $100 which allows for care-free air-conditioned comfort all year long for the residents.

If further opportunity is what you are looking for, there is an expired DA for another 30 1-bedroom tenant rooms to be built adjacent to the existing dwelling. It is easy to renew the DA.
The whole property sits on an impressive 1,600m², of prime land located just 10 minutes from the CBD. Facilities that are near by walking distance and convenient for existing tenants Include medical centre, takeaway food, supermarket, shops, gym, post office … Also this is a double block so there is a possibility for subdivision.
Investments like this sell quickly so enquire now to arrange for your private inspection or request an information pack. All enquiries will be kept private and confidential.
General Features
  • Type: BlockOfUnits
  • Bedrooms: 12
  • Bathrooms: 4
  • Land Area: 1600m²
Outdoor Features
  • Garages: 2
  • Outdoor Entertainment Area
Indoor Features
  • Living Areas: 2
  • Air-Conditioning
  • Dishwasher
Manoora Suburb Profile
Manoora is a central suburb of Cairns adjoining to Edge Hill, Manunda and Mooroobool and is approximately 10 minutes drive west from the CBD. Being the third largest suburb in the region Manoora has a mostly residential land use but also a strong presence of commercial use, as well as a number of local, district and metropolitan level services and facilities, including Jensen Street Park, new fitness equipment and green spaces scattered throughout the suburb. The postcode for Manoora is 4870.
 
Being such a large suburb Manoora has its own small shopping centre within the suburb. Piccone's Shopping Village contains a Super IGA grocery store, post office, the Edge Hill Tavern, and a variety of other specialty shops and takeaway food outlets. The closest major shopping centre is Cairns Central Shopping Centre located in the city centre providing access to most major outlets including Coles, Target, Kmart, Myer, Dick Smith and JB Hi-Fi.
 
Although there are no schools in Manoora, the adjacent suburbs of Manunda and Bungalow both offer state primary schools, Trinity Bay State High School is also in Manunda providing years 7-12, the Catholic primary school, St Francis Xavier's is also in Manunda and provides years prep-6. Cairns High State School is also about 10 minutes drive away. The Cairns Sunbus public transport service also runs throughout the area with multiple stop overs in the suburb.
Lance Richards
Phone: (07) 4040 2030
Mobile: 0437 427 543
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