281 Severin Street, Parramatta Park, QLD 4870

Features include:

Seize a prime investment opportunity with this exceptional property in the heart of Parramatta Park. This corner lot, featuring a tastefully converted 2-story Queenslander, presents a compelling prospect for investors seeking modern, low-maintenance units in a highly desirable rental location. This Prime rental location has the potential for up to 12.5% if converted to shared housing.

Property Highlights:

Location: 281 Severin Street, Parramatta Park

Freehold title.

No Body Corp Fees

Rates $3100 per unit

Land Size: 415 m2 corner block

Zoning: Residential

Proximity: Close to schools, parks, sports facilities, and only a 3-minute drive to Cairns Central

Public Transport: Conveniently accessible

Security: Gated entry for added peace of mind

Development Potential: Excellent opportunity for future expansion.

Unit Details:

Unit 1:

Three bedrooms

One bathroom

Two entrances

Currently vacant for inspections

Unit 2:

Three bedrooms

One bathroom

Two entrances

Currently tenanted until 5th Dec 25

@$ 450 per week

Unit 3:

Three bedrooms

One bathroom

Two entrances

Currently tenanted until 5th Dec @ $450 per week

Unit 4:

Two bedrooms

One bathroom

Office space

Two entrances

Currently tenanted until 7th September 25 @ $430 per week

Additional Features:

- Modern Conversions: Four contemporary apartments with high-quality fittings throughout

- Low Maintenance: Well-maintained garden and efficient upkeep

- Rental Returns: High demand in this popular rental area ensures strong returns. rent to increase to $470-$480 per week.

This well-located property combines modern convenience with substantial investment potential. The current setup of four distinct units maximises rental income, while the large corner block offers scope for future development.